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

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

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $92.73 on Wednesday. The company has a 50 day moving average price of $83.20 and a two-hundred day moving average price of $66.51. The company has a market capitalization of $19.09 billion, a PE ratio of -63.95 and a beta of 1.17. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $106.50.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RBRK shares. Citigroup raised their price target on Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Jefferies Financial Group set a $90.00 target price on Rubrik in a research note on Friday, June 5th. Truist Financial raised their target price on shares of Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. DA Davidson reaffirmed a “buy” rating and issued a $90.00 price target (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Finally, Wells Fargo & Company upped their price target on shares of Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $103.96.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Creative Planning raised its position in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after buying an additional 236 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Rubrik by 9.2% in the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after buying an additional 282 shares in the last quarter. Finally, Essential Partners LLC boosted its stake in shares of Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

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).