Kiran Kumar Choudary Sells 30,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $100.24, for a total transaction of $3,007,200.00. Following the completion of the transaction, the chief financial officer now owns 521,665 shares in the company, valued at $52,291,699.60. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 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 stock was 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 stock was sold at an average price of $80.04, for a total value 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 stock was sold at an average price of $69.82, for a total value 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 value 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 Price Performance

Shares of NYSE:RBRK traded down $0.10 during trading on Thursday, hitting $88.76. 2,147,501 shares of the company were exchanged, compared to its average volume of 2,226,971. The firm's 50 day moving average price is $78.00 and its 200-day moving average price is $70.37. The stock has a market capitalization of $16.84 billion, a P/E ratio of -31.36 and a beta of 0.87. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $103.00.

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

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of recent analyst reports. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $75.00 to $86.00 in a report on Thursday, May 15th. Rosenblatt Securities lifted their target price on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wedbush upped their price target on shares of Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price target (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Finally, Wall Street Zen raised shares of Rubrik from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Three 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 stock. According to data from MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Institutional Trading of Rubrik

A number of institutional investors have recently bought and sold shares of the company. Entropy Technologies LP acquired a new position in shares of Rubrik during the 4th quarter worth $2,018,000. Stephens Investment Management Group LLC increased its holdings in Rubrik by 1.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 268,033 shares of the company's stock valued at $17,519,000 after acquiring an additional 3,688 shares in the last quarter. Rhumbline Advisers acquired a new position in Rubrik during the fourth quarter worth about $64,000. State of New Jersey Common Pension Fund D acquired a new position in Rubrik during the fourth quarter worth about $3,103,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.