Rubrik (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 6,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Choudary sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $107.32, for a total value of $643,920.00. Following the sale, the chief financial officer owned 958,078 shares of the company’s stock, valued at $102,820,930.96. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Kiran Choudary sold 4,000 shares of Rubrik stock. The stock was sold at an average price of $101.05, for a total transaction of $404,200.00.
• On Monday, August 24th, Kiran Choudary sold 10,000 shares of Rubrik stock. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00.

Rubrik Stock Up 2.9%

Shares of RBRK stock opened at $108.05 on Friday. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of -85.75 and a beta of 1.24. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $108.97. The firm’s 50 day moving average price is $89.07 and its two-hundred day moving average price is $71.60.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Rubrik’s quarterly revenue was up 43.9% compared to the same quarter last year. 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 analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Rubrik during the fourth quarter valued at about $345,907,000. Geode Capital Management LLC lifted its stake in shares of Rubrik by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after acquiring an additional 178,714 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. Legal & General Group Plc boosted its holdings in Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Rubrik by 7.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,363,888 shares of the company’s stock valued at $104,310,000 after purchasing an additional 96,360 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik unveiled Rubrik Code Guardian, a cybersecurity tool that uses Anthropic’s Claude Mythos 5 to red-team software code and prioritize cyber risks. The product expands Rubrik’s exposure to AI-driven security needs and could strengthen its platform and competitive positioning. Rubrik Unveils Rubrik Code Guardian
• Positive Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, indicating that sell-side analysts generally continue to see upside despite the stock’s recent rally. Rubrik Receives Moderate Buy Rating
• Positive Sentiment: A recent bullish analysis points to 38% fiscal second-quarter revenue growth, $1.66 billion in net annual recurring revenue, partnerships, product innovation and rising demand for protection against AI-related threats. The company’s approximately $600 million of net cash and projected free cash flow above $330 million also support the investment case. Rubrik Right Place, Right Time
• Neutral Sentiment: CFO Kiran Choudary sold 10,000 shares for roughly $1.05 million across September 15 and 17 transactions. Both sales were conducted under a pre-arranged Rule 10b5-1 plan, and he still owned approximately 958,000 shares afterward, limiting the signal’s significance.
• Negative Sentiment: A bearish analyst downgraded Rubrik to “Sell,” arguing that the stock’s rapid appreciation has left little margin of safety. Valuation concerns are particularly relevant as Rubrik remains unprofitable on a trailing basis and trades at a substantial premium to historical levels. Rubrik Downgraded to Sell

Analysts Set New Price Targets

RBRK has been the topic of several research reports. Scotiabank reissued an “outperform” rating on shares of Rubrik in a research report on Tuesday, August 25th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Wedbush started coverage on Rubrik in a research note on Friday, September 11th. They issued an “outperform” rating and a $120.00 target price for the company. Piper Sandler raised their target price on Rubrik from $91.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, Citigroup boosted their price target on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and an average target price of $113.31.

Rubrik Company Profile

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.