Insider Selling: Rubrik (NYSE:RBRK) CFO Sells 3,500 Shares of Stock

Key Points

• Kiran Kumar Choudary, CFO of Rubrik, Inc., sold 3,500 shares of the company's stock for approximately $261,870 on September 17th, reducing his holdings by 0.68%.
• Rubrik's stock has seen significant trading activity, with shares rising to $78.03, compared to its one-year low of $30.35 and high of $103.00.
• Recently, analysts have given Rubrik a consensus rating of "Moderate Buy" with a price target averaging $104.38.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 3,500 shares of Rubrik stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $74.82, for a total value of $261,870.00. Following the completion of the sale, the chief financial officer directly owned 514,684 shares in the company, valued at approximately $38,508,656.88. The trade was a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 16th, Kiran Kumar Choudary sold 6,599 shares of Rubrik stock. The shares were sold at an average price of $74.21, for a total transaction of $489,711.79.
• On Wednesday, September 3rd, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $88.26, for a total transaction 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 value 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 stock was sold at an average price of $91.00, for a total value of $318,500.00.

Rubrik Trading Up 3.0%

Shares of NYSE RBRK traded up $2.37 during trading hours on Friday, hitting $80.39. 10,098,419 shares of the company traded hands, compared to its average volume of 5,148,202. The company's 50 day moving average price is $86.46 and its 200 day moving average price is $80.20. Rubrik, Inc. has a 12 month low of $30.35 and a 12 month high of $103.00. The stock 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 posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million for the quarter, compared to analysts' expectations of $282.25 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. The firm's quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RBRK. Vanguard Group Inc. grew its position in Rubrik by 73.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company's stock worth $1,077,106,000 after purchasing an additional 5,077,513 shares during the period. First Trust Advisors LP boosted its stake in shares of Rubrik by 44.8% in the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company's stock worth $399,814,000 after buying an additional 1,380,941 shares during the last quarter. Norges Bank acquired a new stake in Rubrik during the second quarter worth about $219,132,000. Voya Investment Management LLC grew its stake in shares of Rubrik by 15.0% during the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock worth $137,035,000 after purchasing an additional 293,275 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Rubrik by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 2,159,435 shares of the company's stock valued at $193,464,000 after purchasing an additional 139,022 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RBRK. FBN Securities reissued an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. Robert W. Baird upped their target price on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Rosenblatt Securities raised their price target on Rubrik from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Barclays upped their price objective on Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Finally, Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Sixteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $104.38.

About Rubrik

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.