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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00. Following the sale, the chief financial officer directly owned 978,073 shares of the company’s stock, 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rubrik Stock Performance

RBRK traded down $5.30 during trading on Tuesday, hitting $92.73. The stock had a trading volume of 3,736,080 shares, compared to its average volume of 3,723,295. The stock has a 50 day simple moving average of $82.73 and a two-hundred day simple moving average of $66.22. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $106.50. The company has a market capitalization of $19.09 billion, a PE ratio of -63.95 and a beta of 1.17.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same period in the previous year, the company posted ($0.15) earnings per share. The business’s revenue for the quarter was up 39.0% on a year-over-year basis. 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, equities research analysts anticipate that Rubrik, Inc. will post -1.13 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on RBRK. Wells Fargo & Company increased their price target on Rubrik from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday. DA Davidson restated a “buy” rating and set a $90.00 price target (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. BMO Capital Markets upped their price objective on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Loop Capital initiated coverage on shares of Rubrik in a research note on Monday, August 3rd. They issued a “buy” rating and a $100.00 target price for the company. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and an average target price of $103.96.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock worth $1,186,676,000 after acquiring an additional 14,609,375 shares during the period. Vanguard Group Inc. increased its stake in shares of Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares during the period. First Trust Advisors LP raised its stake in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Norges Bank purchased a new position in Rubrik during the fourth quarter valued at approximately $345,907,000. Finally, Pictet Asset Management Holding SA increased its holdings 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 valued at $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Hedge funds and other institutional investors 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).