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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Choudary sold 6,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $107.32, for a total value of $643,920.00. Following the sale, the chief financial officer directly owned 958,078 shares in the company, valued at approximately $102,820,930.96. The trade was a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $101.05, for a total transaction 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 transaction of $983,200.00.

Rubrik Trading Up 2.9%

Shares of Rubrik stock traded up $3.07 during mid-day trading on Thursday, hitting $108.05. 4,003,333 shares of the stock were exchanged, compared to its average volume of 3,592,339. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of -85.75 and a beta of 1.24. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $108.97. The company has a 50-day simple moving average of $89.07 and a 200 day simple moving average of $71.60.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on RBRK. Cantor Fitzgerald reissued an “overweight” rating and set a $120.00 price target on shares of Rubrik in a research note on Friday, August 28th. Jefferies Financial Group set a $90.00 target price on Rubrik in a research note on Friday, June 5th. Wolfe Research reiterated an “outperform” rating and set a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research note on Monday, August 31st. Finally, Truist Financial lifted their price target on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.31.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RBRK. Moors & Cabot Inc. raised its holdings in shares of Rubrik by 9.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after buying an additional 282 shares during the period. Essential Partners LLC grew its position in 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 acquiring an additional 284 shares in the last quarter. Eventide Asset Management LLC grew its position in Rubrik by 2.7% in the fourth quarter. Eventide Asset Management LLC now owns 11,426 shares of the company’s stock valued at $877,000 after acquiring an additional 304 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Rubrik by 54.6% during the second quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock valued at $74,000 after purchasing an additional 327 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Rubrik by 14.5% during the fourth quarter. ProShare Advisors LLC now owns 4,083 shares of the company’s stock worth $312,000 after purchasing an additional 518 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

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.