Insider Selling: Rubrik, Inc. (NYSE:RBRK) CFO Sells 3,500 Shares of Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 3,500 shares of Rubrik stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $94.86, for a total transaction of $332,010.00. Following the transaction, the chief financial officer now directly owns 551,665 shares in the company, valued at approximately $52,330,941.90. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, May 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The shares were 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 shares were 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 shares were sold at an average price of $75.00, for a total transaction 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 transaction of $1,640,770.00.
• On Wednesday, April 16th, Kiran Kumar Choudary sold 2,000 shares of Rubrik stock. The stock was sold at an average price of $62.03, for a total transaction of $124,060.00.
• On Friday, March 21st, Kiran Kumar Choudary sold 87,971 shares of Rubrik stock. The stock was sold at an average price of $70.04, for a total transaction of $6,161,488.84.

Rubrik Stock Up 0.1%

RBRK stock traded up $0.09 during mid-day trading on Friday, hitting $95.47. 4,589,500 shares of the company were exchanged, compared to its average volume of 2,099,778. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $97.76. The firm has a market capitalization of $18.12 billion and a P/E ratio of -6.93. The business has a fifty day simple moving average of $71.84 and a 200-day simple moving average of $67.53.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. During the same quarter in the prior year, the company posted ($1.59) EPS. The business's revenue was up 47.5% on a year-over-year basis. Research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on RBRK shares. Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and raised their target price for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. Wells Fargo & Company raised their target price on Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research report on Friday. Roth Capital started coverage on shares of Rubrik in a research report on Thursday, May 15th. They set a "buy" rating and a $97.00 price objective for the company. Finally, Robert W. Baird lowered their price target on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $77.69.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Rubrik in the fourth quarter valued at $277,395,000. Vanguard Group Inc. boosted its holdings in Rubrik by 114.1% during the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after acquiring an additional 3,372,323 shares during the period. FMR LLC grew its position in Rubrik by 172.6% in the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after acquiring an additional 2,065,444 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in Rubrik during the fourth quarter worth about $85,331,000. Finally, Bank of America Corp DE increased its stake in Rubrik by 1,305.1% during the fourth quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock worth $72,994,000 after purchasing an additional 1,037,319 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

About Rubrik

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.