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

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the completion of the transaction, the chief financial officer directly owned 549,901 shares in the company, valued at $28,424,382.69. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Trading Down 10.3%

Shares of NYSE:RBRK opened at $46.33 on Friday. Rubrik, Inc. has a 1-year low of $44.75 and a 1-year high of $103.00. The firm has a market capitalization of $9.37 billion, a PE ratio of -26.18 and a beta of 0.63. The business’s 50 day moving average is $52.14 and its 200-day moving average is $67.23.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. Rubrik’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent analyst reports. Stephens initiated coverage on Rubrik in a research note on Monday, December 29th. They issued an “overweight” rating and a $105.00 price objective on the stock. Cantor Fitzgerald reduced their price objective on Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, March 9th. Barclays reduced their price objective on Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. BTIG Research initiated coverage on Rubrik in a research note on Friday, March 20th. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Rosenblatt Securities reduced their price objective on Rubrik from $120.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.10.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC raised its position in shares of Rubrik by 352.2% during the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the last quarter. Financial Life Planners bought a new stake in shares of Rubrik during the third quarter worth $31,000. Guerra Advisors Inc bought a new stake in shares of Rubrik during the third quarter worth $33,000. Finally, Atlantic Union Bankshares Corp raised its position 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 acquiring an additional 200 shares during the last quarter. 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).