Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 2,000 Shares

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $62.03, for a total transaction of $124,060.00. Following the completion of the transaction, the chief financial officer now owns 614,798 shares of the company's stock, valued at $38,135,919.94. This represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • 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

NYSE RBRK opened at $61.48 on Friday. The company has a fifty day moving average of $64.60 and a 200 day moving average of $58.79. The company has a market capitalization of $11.67 billion and a PE ratio of -4.46. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00.




Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analysts' expectations 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. Research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the 4th quarter valued at $28,000. Global Retirement Partners LLC increased its holdings in 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 buying an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of Rubrik in the fourth quarter worth about $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Rubrik during the 4th quarter worth about $47,000. Finally, Quarry LP acquired a new stake in shares of Rubrik during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Wall Street Analyst Weigh In

RBRK has been the subject of several recent analyst reports. Wedbush raised their target price on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Wells Fargo & Company raised their price objective on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. KeyCorp reduced their target price on Rubrik from $82.00 to $76.00 and set an "overweight" rating on the stock in a research report on Thursday. BMO Capital Markets raised their price target on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Finally, Guggenheim upped their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $68.83.

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About Rubrik

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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.

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