Kiran Kumar Choudary Sells 6,599 Shares of Rubrik (NYSE:RBRK) Stock

Key Points

• Kiran Kumar Choudary, the CFO of Rubrik, Inc., sold 6,599 shares of the company's stock on September 16th for a total of $489,711.79, resulting in a 1.26% decrease in his position.
• Following the stock's recent performance, Rubrik, Inc.'s shares rose to $78.03 as of the last trading day, with a 12-month range between $30.35 and $103.00.
• Rubrik reported beating earnings estimates with an EPS of ($0.03) for the most recent quarter compared to analyst expectations of ($0.34) and a revenue of $309.86 million.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 6,599 shares of Rubrik stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $489,711.79. Following the completion of the transaction, the chief financial officer owned 516,184 shares in the company, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, September 17th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $74.82, for a total value of $261,870.00.
• On Wednesday, September 3rd, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $88.26, for a total value of $308,910.00.
• On Wednesday, August 20th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $82.93, for a total transaction of $290,255.00.
• On Wednesday, August 6th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $88.37, for a total transaction of $309,295.00.
• On Wednesday, July 23rd, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $83.90, for a total transaction of $293,650.00.
• On Wednesday, July 9th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $87.54, for a total value of $306,390.00.
• On Wednesday, June 25th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $91.00, for a total value of $318,500.00.

Rubrik Trading Up 3.0%

RBRK traded up $2.37 on Friday, reaching $80.39. The stock had a trading volume of 10,098,419 shares, compared to its average volume of 5,148,202. The firm has a 50-day moving average of $86.46 and a 200-day moving average of $80.20. Rubrik, Inc. has a fifty-two week low of $30.35 and a fifty-two week high of $103.00. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of -34.35 and a beta of 0.44.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. The business's quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in shares of Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock valued at $125,000 after acquiring an additional 150 shares during the period. Creative Planning raised its position in shares of Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company's stock valued at $418,000 after buying an additional 236 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Rubrik by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company's stock valued at $53,000 after buying an additional 239 shares in the last quarter. Amundi grew its position in Rubrik by 0.7% during the first quarter. Amundi now owns 37,116 shares of the company's stock valued at $2,132,000 after acquiring an additional 262 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company's stock worth $26,000 after acquiring an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RBRK. Wall Street Zen cut shares of Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. UBS Group reiterated a "buy" rating on shares of Rubrik in a research report on Friday, June 6th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 price target (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. KeyCorp raised their price objective on Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Finally, Robert W. Baird upped their target price on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Sixteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.38.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.