Rubrik (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 122,613 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 122,613 shares of Rubrik stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the transaction, the chief financial officer directly owned 564,901 shares in the company, valued at $27,228,228.20. The trade was a 17.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, February 18th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The shares were 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 shares were sold at an average price of $67.66, for a total value of $1,353,200.00.
• On Wednesday, January 7th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $76.20, for a total value of $266,700.00.

Rubrik Price Performance

Rubrik stock opened at $45.74 on Friday. The stock’s 50 day moving average is $54.77 and its 200 day moving average is $69.09. Rubrik, Inc. has a one year low of $44.75 and a one year high of $103.00. The firm has a market cap of $9.16 billion, a P/E ratio of -25.84 and a beta of 0.45.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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. During the same period in the prior year, the company posted ($0.18) EPS. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 1,678,255 shares during the period. First Trust Advisors LP raised its holdings in shares of Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the period. Norges Bank bought a new position in shares of Rubrik during the 4th quarter worth about $345,907,000. Voya Investment Management LLC boosted its position in shares of Rubrik by 18.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock worth $293,552,000 after purchasing an additional 543,855 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Rubrik by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock valued at $193,433,000 after buying an additional 178,714 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Mizuho cut their price target on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. KeyCorp decreased their price target on Rubrik from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. Rosenblatt Securities lowered their price objective on Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Finally, Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price 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).