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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 549,901 shares of the company’s stock, valued at approximately $28,424,382.69. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $48.20, for a total value of $5,909,946.60.
• On Wednesday, February 18th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was sold at an average price of $54.17, for a total value of $1,083,400.00.
• On Friday, January 16th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was sold at an average price of $67.66, for a total value of $1,353,200.00.

Rubrik Stock Down 2.1%

Shares of Rubrik stock traded down $1.11 on Wednesday, hitting $51.68. The company’s stock had a trading volume of 4,319,177 shares, compared to its average volume of 4,036,201. The company has a market capitalization of $10.45 billion, a P/E ratio of -29.19 and a beta of 0.63. The firm has a fifty day moving average price of $52.60 and a 200-day moving average price of $67.49. Rubrik, Inc. has a 52-week low of $44.75 and a 52-week high of $103.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analysts’ expectations of $342.43 million. During the same period last year, the business earned ($0.18) earnings per share. The company’s revenue for the quarter 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. As a group, analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Hedge Funds Weigh In On Rubrik

Large investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC boosted its holdings in shares of Rubrik by 352.2% in the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares in the last quarter. Financial Life Planners bought a new stake in Rubrik in the third quarter valued at about $31,000. Atlantic Union Bankshares Corp grew its position in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Finally, Guerra Advisors Inc acquired a new stake in Rubrik in the third quarter worth $33,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBRK has been the topic of a number of analyst reports. Wedbush decreased their price objective on Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. Guggenheim reissued a “buy” rating and set a $110.00 price objective on shares of Rubrik in a research note on Friday, March 13th. The Goldman Sachs Group reduced their price objective on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Mizuho reduced their price objective on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $110.00 price objective on shares of Rubrik in a research note on Monday, March 16th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $89.10.

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).