Rubrik (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 10,000 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00. Following the sale, the chief financial officer directly owned 978,073 shares in the company, valued at approximately $96,164,137.36. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rubrik Stock Performance

RBRK stock traded down $5.30 during trading on Tuesday, hitting $92.73. 3,736,080 shares of the company’s stock traded hands, compared to its average volume of 3,723,295. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $106.50. The business has a fifty day simple moving average of $82.73 and a 200 day simple moving average of $66.22. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of -63.95 and a beta of 1.17.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Research analysts forecast that Rubrik, Inc. will post -1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RBRK shares. Scotiabank restated an “outperform” rating on shares of Rubrik in a research report on Tuesday. BTIG Research reiterated a “buy” rating and issued a $91.00 target price on shares of Rubrik in a report on Thursday, June 11th. Oppenheimer set a $120.00 target price on Rubrik in a report on Thursday, August 20th. Mizuho boosted their target price on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Finally, BMO Capital Markets raised their price target on Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.96.

Institutional Trading of Rubrik

Institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its position in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Norges Bank bought a new position in Rubrik in the fourth quarter worth about $345,907,000. Legal & General Group Plc raised its holdings in Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after purchasing an additional 151,234 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Rubrik by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after purchasing an additional 28,056 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Rubrik by 47.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after buying an additional 191,738 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).