Rubrik, Inc. (NYSE:RBRK) CFO Sells $124,060.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 2,000 shares of Rubrik stock in a transaction that occurred on Wednesday, April 16th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $70.04, for a total value of $6,161,488.84.

Rubrik Price Performance

Rubrik stock traded down $0.84 during mid-day trading on Thursday, hitting $61.48. The company’s stock had a trading volume of 2,247,435 shares, compared to its average volume of 2,052,199. The business has a 50 day moving average price of $64.91 and a 200-day moving average price of $58.59. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock has a market cap of $11.67 billion and a price-to-earnings ratio of -4.46.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate 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. During the same quarter last year, the firm posted ($1.59) EPS. Rubrik’s revenue was up 47.5% compared to the same quarter last year. On average, equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Rubrik by 114.1% in the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock worth $413,610,000 after purchasing an additional 3,372,323 shares during the last quarter. Norges Bank bought a new position in shares of Rubrik during the fourth quarter valued at approximately $277,395,000. FMR LLC lifted its stake in Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after acquiring an additional 2,065,444 shares during the period. First Trust Advisors LP boosted its holdings in Rubrik by 26.6% in the fourth quarter. First Trust Advisors LP now owns 3,156,035 shares of the company’s stock valued at $206,278,000 after acquiring an additional 662,914 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Rubrik by 27.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company’s stock worth $129,359,000 after purchasing an additional 427,149 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RBRK. Piper Sandler reduced their target price on Rubrik from $87.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. KeyCorp decreased their target price on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday. Wedbush raised their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 14th. Citigroup upped their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, BMO Capital Markets lifted their price objective on Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $68.83.

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.