Kiran Kumar Choudary Sells 4,000 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Choudary sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $101.05, for a total transaction of $404,200.00. Following the sale, the chief financial officer owned 978,073 shares of the company’s stock, valued at $98,834,276.65. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 17th, Kiran Choudary sold 6,000 shares of Rubrik stock. The shares were sold at an average price of $107.32, for a total transaction of $643,920.00.
• On Monday, August 24th, Kiran Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00.

Rubrik Stock Performance

Shares of RBRK stock traded up $3.07 during mid-day trading on Thursday, reaching $108.05. 4,003,333 shares of the company’s stock traded hands, compared to its average volume of 3,592,339. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $108.97. The firm has a 50 day moving average price of $89.07 and a two-hundred day moving average price of $71.60. The firm has a market capitalization of $22.40 billion, a PE ratio of -85.75 and a beta of 1.24.

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

Institutional Trading of Rubrik

Several institutional investors have recently made changes to their positions in RBRK. Sequoia Financial Advisors LLC bought a new stake in Rubrik during the 2nd quarter valued at approximately $317,000. Van Hulzen Asset Management LLC bought a new position in Rubrik in the 2nd quarter worth approximately $1,132,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Rubrik during the 2nd quarter valued at approximately $223,000. Integrated Wealth Concepts LLC raised its position in shares of Rubrik by 181.9% during the second quarter. Integrated Wealth Concepts LLC now owns 21,471 shares of the company’s stock valued at $1,724,000 after buying an additional 13,854 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Rubrik by 3,699.4% during the second quarter. NewEdge Advisors LLC now owns 6,649 shares of the company’s stock valued at $534,000 after buying an additional 6,474 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BTIG Research lifted their price objective on Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Telsey Advisory Group set a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a report on Friday, June 5th. Rosenblatt Securities upped their price target on shares of Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Finally, Wedbush assumed coverage on shares of Rubrik in a research note on Friday, September 11th. They issued an “outperform” rating and a $120.00 price objective for the company. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.31.

Rubrik Company Profile

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.