Rubrik (NYSE:RBRK) Shares Down 8.4% on Insider Selling

Key Points

• Shares fell 8.4% intraday after CFO Kiran Kumar Choudary sold 20,000 shares at an average $51.69 under a Rule 10b5-1 plan, trimming his stake by about 3.51% amid lower-than-average trading volume.
• Analysts have cut price targets recently, but the consensus rating remains a Moderate Buy with an average price target of $89.10.
• Rubrik beat the quarter with EPS of $0.04 (vs. -$0.11 est.) and revenue of $377.7M (+46.3% YoY), and issued FY2027 EPS guidance of about $0.07–$0.27.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) dropped 8.4% during mid-day trading on Thursday following insider selling activity. The company traded as low as $47.41 and last traded at $47.2780. Approximately 839,466 shares traded hands during trading, a decline of 79% from the average daily volume of 3,981,605 shares. The stock had previously closed at $51.63.

Specifically, CFO Kiran Kumar Choudary sold 20,000 shares of the firm's stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total value of $1,033,800.00. Following the transaction, the chief financial officer directly owned 549,901 shares of the company's stock, valued at approximately $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Rubrik from $120.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, February 9th. Barclays decreased their price target on shares of Rubrik from $100.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 3rd. Robert W. Baird decreased their price target on shares of Rubrik from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, March 6th. Truist Financial decreased their price target on shares of Rubrik from $110.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $110.00 price objective on shares of Rubrik in a research report on Monday, March 16th. One research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Rubrik presently has an average rating of "Moderate Buy" and an average price target of $89.10.

Rubrik Stock Down 8.4%

The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of -26.78 and a beta of 0.63. The company's 50-day moving average is $52.37 and its 200-day moving average is $67.38.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted ($0.18) earnings per share. Rubrik's revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in shares of Rubrik by 12.0% during 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 last quarter. Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. CI Investments Inc. increased its position in shares of Rubrik by 31.7% during the third quarter. CI Investments Inc. now owns 859 shares of the company's stock valued at $71,000 after acquiring an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company's stock valued at $94,000 after acquiring an additional 224 shares during the last quarter. Finally, Creative Planning increased its position in shares of Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company's stock valued at $418,000 after acquiring an additional 236 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

About Rubrik

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).

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