Rubrik (NYSE:RBRK) CFO Sells $643,920.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Choudary sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $107.32, for a total value of $643,920.00. Following the completion of the transaction, the chief financial officer owned 958,078 shares in the company, valued at $102,820,930.96. This trade represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, September 15th, Kiran Choudary sold 4,000 shares of Rubrik stock. The stock was sold at an average price of $101.05, for a total value of $404,200.00.
• On Monday, August 24th, Kiran Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $98.32, for a total value of $983,200.00.

Rubrik Price Performance

Shares of NYSE:RBRK traded up $3.07 during trading on Thursday, reaching $108.05. The company had a trading volume of 4,003,333 shares, compared to its average volume of 3,592,339. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of -85.75 and a beta of 1.24. The stock’s fifty day moving average price is $89.07 and its 200 day moving average price is $71.60. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $108.97.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period in the prior year, the business earned ($0.03) earnings per share. Rubrik’s revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities analysts anticipate that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RBRK shares. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a research note on Friday, June 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Guggenheim boosted their target price on Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Scotiabank reissued an “outperform” rating on shares of Rubrik in a research note on Tuesday, August 25th. Finally, Rosenblatt Securities raised their price target on Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $113.31.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Rubrik in the fourth quarter valued at approximately $345,907,000. Pictet Asset Management Holding SA raised its position in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Rubrik by 1,284.7% during the 1st quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company’s stock worth $57,358,000 after purchasing an additional 1,086,697 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Rubrik by 101.0% in the 4th quarter. BNP Paribas Financial Markets now owns 1,192,108 shares of the company’s stock valued at $91,172,000 after buying an additional 599,000 shares in the last quarter. Finally, Amundi lifted its stake in Rubrik by 449.5% in the 1st quarter. Amundi now owns 561,496 shares of the company’s stock valued at $27,496,000 after buying an additional 459,314 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.