Insider Selling: Rubrik (NYSE:RBRK) CFO Sells $404,200.00 in Stock

Key Points

• Rubrik CFO Kiran Choudary sold 4,000 shares for $404,200 at an average price of $101.05 under a pre-arranged Rule 10b5-1 trading plan. He retained 978,073 shares worth approximately $98.8 million.
• Rubrik shares recently traded at $108.05, near their 52-week high of $108.97, with the stock up significantly from its 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $427.26 million in revenue and $0.20 earnings per share, while analysts maintain a Moderate Buy consensus and an average price target of $113.31.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Choudary sold 4,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $101.05, for a total value of $404,200.00. Following the completion of the sale, the chief financial officer directly owned 978,073 shares in the company, valued at approximately $98,834,276.65. This represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 17th, Kiran Choudary sold 6,000 shares of Rubrik stock. The shares were sold at an average price of $107.32, for a total value of $643,920.00.
• On Monday, August 24th, Kiran Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $98.32, for a total value of $983,200.00.

Rubrik Price Performance

Rubrik stock traded up $3.07 during mid-day trading on Thursday, reaching $108.05. The stock had a trading volume of 4,003,333 shares, compared to its average volume of 3,592,339. The company has a market capitalization of $22.40 billion, a price-to-earnings ratio of -85.75 and a beta of 1.24. The company has a 50-day moving average price of $89.07 and a two-hundred day moving average price of $71.60. Rubrik, Inc. has a one year low of $42.25 and a one year high of $108.97.

Rubrik (NYSE:RBRK - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $396.30 million. The firm's revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities research analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RBRK. Oppenheimer set a $120.00 price objective on shares of Rubrik in a report on Thursday, August 20th. BMO Capital Markets increased their target price on Rubrik from $98.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, August 28th. Jefferies Financial Group set a $90.00 target price on Rubrik in a report on Friday, June 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rubrik in a report on Wednesday, June 24th. Finally, Telsey Advisory Group set a $120.00 price objective on Rubrik in a research report on Friday, August 28th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $113.31.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Rubrik in the second quarter worth $317,000. Van Hulzen Asset Management LLC bought a new position in Rubrik in the second quarter valued at about $1,132,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in Rubrik in the second quarter valued at about $223,000. Integrated Wealth Concepts LLC boosted its position in Rubrik by 181.9% in the second quarter. Integrated Wealth Concepts LLC now owns 21,471 shares of the company's stock worth $1,724,000 after purchasing an additional 13,854 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Rubrik by 3,699.4% in the second quarter. NewEdge Advisors LLC now owns 6,649 shares of the company's stock worth $534,000 after purchasing an additional 6,474 shares during the last quarter. 49.54% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.