Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 3,500 Shares

Key Points

• Kiran Kumar Choudary, CFO of Rubrik, Inc., sold 3,500 shares at an average price of $88.37 for a total of $309,295, reducing his ownership by 0.67% to 518,595 shares.
• Rubrik reported a revenue increase of 48.7% year-over-year, with earnings per share of ($0.15), beating analyst estimates by $0.17.
• Analysts have a consensus rating of "Moderate Buy" for Rubrik, with the stock's price target ranging from $86.00 to $125.00.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 3,500 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $88.37, for a total value of $309,295.00. Following the transaction, the chief financial officer directly owned 518,595 shares of the company's stock, valued at $45,828,240.15. This represents a 0.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 23rd, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $83.90, for a total value of $293,650.00.
• On Wednesday, July 9th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $87.54, for a total value of $306,390.00.
• On Wednesday, June 25th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was 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 stock was 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 value 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 value 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 value 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 value 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 value of $1,600,800.00.

Rubrik Trading Up 1.3%

NYSE:RBRK traded up $1.13 during trading hours on Monday, hitting $88.54. 297,845 shares of the stock were exchanged, compared to its average volume of 3,033,689. Rubrik, Inc. has a 52-week low of $29.18 and a 52-week high of $103.00. The firm's fifty day moving average price is $89.49 and its 200 day moving average price is $77.22. The company has a market cap of $17.13 billion, a P/E ratio of -31.24 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. During the same quarter in the prior year, the firm earned ($1.58) earnings per share. The company's revenue for the quarter was up 48.7% on a year-over-year basis. Equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Trading of Rubrik

A number of large investors have recently modified their holdings of RBRK. Voloridge Investment Management LLC acquired a new stake in shares of Rubrik during the fourth quarter worth about $85,331,000. Green Alpha Advisors LLC increased its stake in shares of Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after purchasing an additional 2,824 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Rubrik by 2,899.7% during the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock worth $20,508,000 after purchasing an additional 303,305 shares in the last quarter. FMR LLC increased its stake in shares of Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Rubrik by 168.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock worth $43,610,000 after purchasing an additional 418,457 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Wall Street Analyst Weigh In

RBRK has been the subject of several recent research reports. Truist Financial boosted their price target on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 6th. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and increased their price objective for the stock from $75.00 to $86.00 in a research note on Thursday, May 15th. Cantor Fitzgerald increased their target price on Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and a consensus price target of $100.38.

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.