Rubrik, Inc. (NYSE:RBRK) CFO Sells $900,700.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $90.07, for a total transaction of $900,700.00. Following the completion of the sale, the chief financial officer now directly owns 555,165 shares of the company’s stock, valued at approximately $50,003,711.55. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 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.
• 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 shares were sold at an average price of $70.04, for a total value of $6,161,488.84.

Rubrik Trading Down 0.7%

NYSE RBRK opened at $94.21 on Thursday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $96.34. The company has a 50 day moving average of $70.98 and a 200-day moving average of $66.66. The firm has a market cap of $17.88 billion and a price-to-earnings ratio of -6.84.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. Rubrik’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period last year, the company earned ($1.59) earnings per share. On average, analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on RBRK shares. Guggenheim raised their target price on Rubrik from $80.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. Wedbush raised their price objective on shares of Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Piper Sandler decreased their target price on shares of Rubrik from $87.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. KeyCorp dropped their price target on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, William Blair assumed coverage on shares of Rubrik in a research note on Friday, February 7th. They set a “market perform” rating for the company. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Rubrik by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock worth $423,512,000 after acquiring an additional 616,917 shares during the last quarter. Norges Bank bought a new position in Rubrik in the 4th quarter worth approximately $277,395,000. FMR LLC lifted its holdings in 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 buying an additional 2,065,444 shares in the last quarter. First Trust Advisors LP boosted its position in Rubrik by 26.6% in the 4th quarter. First Trust Advisors LP now owns 3,156,035 shares of the company’s stock valued at $206,278,000 after buying an additional 662,914 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Rubrik by 27.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company’s stock valued at $129,359,000 after buying an additional 427,149 shares during the last quarter. 49.54% of the stock is owned by 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.