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 Rubrik stock in a transaction 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 transaction, the chief financial officer now directly owns 521,665 shares of the company's stock, 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 Securities & Exchange Commission, which is available through 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 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 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 shares were 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 shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84.

Rubrik Price Performance

Rubrik stock traded down $5.72 during trading hours on Tuesday, reaching $87.43. The stock had a trading volume of 10,120,079 shares, compared to its average volume of 2,216,058. The company has a market cap of $16.59 billion, a price-to-earnings ratio of -30.89 and a beta of 0.87. The business's 50 day moving average price is $76.53 and its 200-day moving average price is $69.97. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly 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 business had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same period in the prior year, the business posted ($1.58) EPS. Rubrik's revenue was up 48.7% compared to the same quarter last year. On average, sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Several hedge funds have recently modified their holdings of the stock. Amundi increased its holdings in shares of Rubrik by 0.7% during the first quarter. Amundi now owns 37,116 shares of the company's stock valued at $2,132,000 after acquiring an additional 262 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock valued at $76,000 after acquiring an additional 300 shares in the last quarter. Comerica Bank increased its holdings in shares of Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after acquiring an additional 395 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Rubrik during the fourth quarter valued at about $28,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RBRK. BMO Capital Markets reissued an "outperform" rating and set a $110.00 target price (up from $77.00) on shares of Rubrik in a research note on Friday. Piper Sandler lowered their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald upped their price objective on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday. CIBC upped their price objective on shares of Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research note on Monday. Finally, Roth Capital upped their price objective on shares of Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given 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 price target of $100.38.

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.