Rubrik (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 20,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total value of $1,033,800.00. Following the transaction, the chief financial officer directly owned 549,901 shares of the company’s stock, valued at $28,424,382.69. The trade was a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 24th, Kiran Kumar Choudary sold 122,613 shares of Rubrik stock. The shares were sold at an average price of $48.20, for a total transaction of $5,909,946.60.
• On Wednesday, February 18th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The shares were sold at an average price of $54.17, for a total transaction of $1,083,400.00.
• On Friday, January 16th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The shares were sold at an average price of $67.66, for a total transaction of $1,353,200.00.

Rubrik Price Performance

NYSE RBRK traded down $1.11 during trading hours on Wednesday, reaching $51.68. 4,319,177 shares of the company’s stock traded hands, compared to its average volume of 4,036,201. Rubrik, Inc. has a 52-week low of $44.75 and a 52-week high of $103.00. The firm has a market cap of $10.45 billion, a PE ratio of -29.19 and a beta of 0.63. The firm has a 50-day simple moving average of $52.60 and a 200 day simple moving average of $67.49.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same quarter in the previous year, the company earned ($0.18) EPS. The business’s quarterly revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RBRK shares. Rosenblatt Securities dropped their target price on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Robert W. Baird lowered their price objective on Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Guggenheim reiterated a “buy” rating and set a $110.00 target price on shares of Rubrik in a research note on Friday, March 13th. Cantor Fitzgerald decreased their price target on Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Finally, Truist Financial reduced their price target on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and an average price target of $89.10.

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. Strs Ohio increased its position in shares of Rubrik by 90.8% in the third quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after buying an additional 29,649 shares in the last quarter. WCM Investment Management LLC acquired a new stake in Rubrik in the 3rd quarter valued at $4,717,000. ARK Investment Management LLC increased its holdings in Rubrik by 21.1% in the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after acquiring an additional 55,500 shares in the last quarter. Citigroup Inc. raised its position in Rubrik by 210.2% during the third quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after acquiring an additional 70,504 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in Rubrik by 471.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after buying an additional 41,756 shares during the last quarter. Institutional investors and hedge funds 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).