Rubrik, Inc. (NYSE:RBRK) CFO Sells $3,007,200.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 30,000 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.24, for a total value of $3,007,200.00. Following the completion of the sale, the chief financial officer now directly owns 521,665 shares in the company, valued at $52,291,699.60. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

Rubrik Trading Down 4.7%

NYSE:RBRK traded down $4.64 during midday trading on Monday, reaching $93.27. The company had a trading volume of 5,988,730 shares, compared to its average volume of 2,179,380. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $103.00. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of -32.96 and a beta of 0.87. The stock’s fifty day simple moving average is $75.32 and its 200-day simple moving average is $69.56.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analysts’ expectations of $260.39 million. During the same quarter in the previous year, the business posted ($1.58) EPS. The business’s quarterly revenue was up 48.7% compared to the same quarter last year. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after acquiring an additional 2,000 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Rubrik by 4,007.4% during the 1st quarter. Acadian Asset Management LLC now owns 318,238 shares of the company’s stock worth $19,393,000 after purchasing an additional 310,490 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Rubrik by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 715,953 shares of the company’s stock worth $43,659,000 after acquiring an additional 48,724 shares during the period. Voleon Capital Management LP lifted its position in Rubrik by 50.7% during the first quarter. Voleon Capital Management LP now owns 186,205 shares of the company’s stock valued at $11,355,000 after buying an additional 62,627 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after acquiring an additional 236,181 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on RBRK shares. BMO Capital Markets reiterated an “outperform” rating and set a $110.00 target price (up previously from $77.00) on shares of Rubrik in a research report on Friday. Rosenblatt Securities increased their target price on Rubrik from $82.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Cantor Fitzgerald increased their target price on Rubrik from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen raised Rubrik from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company increased their target price on Rubrik from $80.00 to $125.00 and gave the company an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.38.

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.