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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,500 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $83.81, for a total transaction of $293,335.00. Following the completion of the sale, the chief financial officer now directly owns 565,165 shares of the company’s stock, valued at approximately $47,366,478.65. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 value of $6,161,488.84.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $85.25 on Friday. The stock has a market capitalization of $16.18 billion and a price-to-earnings ratio of -6.19. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $86.86. The company has a 50 day moving average price of $66.44 and a 200 day moving average price of $63.70.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) 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 analyst estimates of $233.13 million. The firm’s revenue was up 47.5% on a year-over-year basis. During the same quarter last year, the firm earned ($1.59) EPS. On average, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Guggenheim lifted their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Roth Capital assumed coverage on Rubrik in a report on Thursday. They issued a “buy” rating and a $97.00 price target for the company. Citigroup raised their price objective on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Tuesday, April 29th. Finally, William Blair started coverage on Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $71.05.

Institutional Trading of Rubrik

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik in the 4th quarter valued at approximately $28,000. PNC Financial Services Group Inc. acquired a new stake in Rubrik during the 1st quarter valued at $30,000. Summit Securities Group LLC purchased a new stake in shares of Rubrik in the first quarter valued at $31,000. Global Retirement Partners LLC boosted its position 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 worth $33,000 after buying an additional 500 shares during the period. Finally, Comerica Bank grew 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 buying an additional 395 shares in the last quarter. 49.54% of the stock is 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.