Rubrik, Inc. (NYSE:RBRK) CFO Sells $306,390.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $87.54, for a total transaction of $306,390.00. Following the completion of the sale, the chief financial officer directly owned 521,595 shares in the company, valued at approximately $45,660,426.30. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kiran Kumar Choudary also recently made the following trade(s):

• On Wednesday, June 25th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $91.00, for a total value of $318,500.00.
• On Tuesday, June 17th, Kiran Kumar Choudary sold 6,757 shares of Rubrik stock. The shares were sold at an average price of $88.56, for a total value of $598,399.92.
• On Wednesday, June 11th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $88.25, for a total value of $308,875.00.
• On Thursday, June 5th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The shares were sold at an average price of $100.24, for a total transaction of $3,007,200.00.
• On Wednesday, May 28th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $94.86, for a total transaction of $332,010.00.
• On Thursday, May 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $90.07, for a total transaction of $900,700.00.
• On Wednesday, May 14th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $83.81, for a total transaction of $293,335.00.
• On Tuesday, May 13th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was sold at an average price of $80.04, for a total transaction of $1,600,800.00.
• On Monday, May 5th, Kiran Kumar Choudary sold 5,000 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $375,000.00.
• On Wednesday, April 30th, Kiran Kumar Choudary sold 23,500 shares of Rubrik stock. The shares were sold at an average price of $69.82, for a total value of $1,640,770.00.

Rubrik Stock Up 1.4%

Shares of Rubrik stock traded up $1.20 on Monday, hitting $85.74. 2,621,201 shares of the company's stock traded hands, compared to its average volume of 2,555,037. Rubrik, Inc. has a 52-week low of $28.60 and a 52-week high of $103.00. The stock has a market cap of $16.59 billion, a P/E ratio of -30.30 and a beta of 0.46. The firm's 50-day moving average is $88.46 and its 200 day moving average is $74.22.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. The company's revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the company earned ($1.58) earnings per share. Equities research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Ratings Changes

RBRK has been the subject of several recent analyst reports. Roth Capital lifted their price target on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wedbush lifted their price objective on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Wells Fargo & Company boosted their target price on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Finally, Robert W. Baird raised their price objective on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $100.38.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. Russell Investments Group Ltd. bought a new position in Rubrik during the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. bought a new position in Rubrik during the first quarter worth $30,000. Summit Securities Group LLC bought a new position in Rubrik during the first quarter worth $31,000. Comerica Bank boosted its holdings in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after purchasing an additional 395 shares during the period. Finally, Nemes Rush Group LLC bought a new stake in Rubrik during the fourth quarter valued at $39,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.