Kiran Kumar Choudary Sells 3,500 Shares of Rubrik (NYSE:RBRK) Stock

Key Points

• Kiran Kumar Choudary, CFO of Rubrik, sold 3,500 shares on October 15th at an average price of $79.78, totaling $279,230, reducing his ownership by 0.68% to 512,051 shares worth approximately $40.85 million.
• Rubrik's stock has experienced volatility, trading at $78.59 recently, with a market cap of $15.52 billion and a price range between $37.38 and $103.00 over the past year.
• The company reported a 44.9% year-over-year increase in revenue for the last quarter, with earnings per share of ($0.03), surpassing analyst expectations significantly.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 3,500 shares of Rubrik stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $79.78, for a total transaction of $279,230.00. Following the sale, the chief financial officer directly owned 512,051 shares of the company's stock, valued at $40,851,428.78. This represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 1st, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $82.68, for a total transaction of $289,380.00.
• On Wednesday, September 17th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $74.82, for a total transaction of $261,870.00.
• On Tuesday, September 16th, Kiran Kumar Choudary sold 6,599 shares of Rubrik stock. The stock was 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 stock was 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.

Rubrik Price Performance

Rubrik stock traded down $0.47 during mid-day trading on Thursday, hitting $78.59. The company's stock had a trading volume of 2,081,754 shares, compared to its average volume of 3,678,739. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of -33.59 and a beta of 0.24. The business has a 50 day moving average price of $83.99 and a 200-day moving average price of $82.21. Rubrik, Inc. has a 12 month low of $37.38 and a 12 month high of $103.00.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RBRK shares. FBN Securities restated an "outperform" rating on shares of Rubrik in a research report on Wednesday, September 10th. Wall Street Zen cut shares of Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Cantor Fitzgerald restated an "overweight" rating and issued a $115.00 price objective on shares of Rubrik in a research report on Wednesday, September 10th. Barclays boosted their price objective on shares of Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Finally, KeyCorp boosted their price objective on shares of Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.67.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its stake in shares of Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company's stock worth $26,000 after buying an additional 268 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in Rubrik during the second quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new position in Rubrik during the second quarter valued at approximately $29,000. Catalyst Capital Advisors LLC bought a new position in Rubrik during the second quarter valued at approximately $36,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Rubrik during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

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.

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