Insider Selling: Rubrik (NYSE:RBRK) CFO Sells $983,200.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the sale, the chief financial officer owned 978,073 shares in the company, valued at approximately $96,164,137.36. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rubrik Price Performance

NYSE:RBRK opened at $107.17 on Friday. Rubrik, Inc. has a one year low of $42.25 and a one year high of $107.91. The company has a fifty day moving average price of $84.48 and a 200 day moving average price of $67.25. The stock has a market cap of $22.06 billion, a P/E ratio of -73.91 and a beta of 1.17.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results 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 company had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities research analysts anticipate that Rubrik, Inc. will post -1.13 EPS for the current year.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Quarterly results exceeded expectations. Rubrik reported adjusted earnings of $0.20 per share, compared with the $0.04 consensus estimate, while revenue rose 43.9% year over year to $427.26 million, topping expectations of $396.30 million. The company earned $0.20 per share versus a $0.03 loss in the year-ago quarter. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management issued guidance well above Wall Street forecasts. Third-quarter fiscal 2027 earnings are expected at $0.07-$0.09 per share, versus the prior consensus estimate of a $0.02 loss, with revenue of $429 million-$431 million. Full-year earnings guidance of $0.47-$0.53 per share and revenue of approximately $1.7 billion also substantially exceeded previous consensus estimates of $0.03 and $1.6 billion, respectively. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains favorable. Rosenblatt raised its price target to $105 and maintained a Buy rating, while other firms have cited targets ranging from $120 to $135. Rubrik’s growth has been linked to increasing demand for cloud data protection, cybersecurity and AI-related workloads.
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine directors. The appointment supports the company’s governance and technology expertise but is unlikely to materially affect near-term financial results. Rubrik Appoints Rakefet Russak-Aminoach to its Board
• Negative Sentiment: Valuation and profit-taking remain risks. Some reports described an initial selloff despite the strong results, suggesting investors may be demanding even higher growth from the richly valued stock after its rapid advance. CFO Kiran Kumar Choudary also sold 10,000 shares under a pre-arranged Rule 10b5-1 plan, a relatively small transaction but a potential short-term sentiment headwind.

Institutional Investors Weigh In On Rubrik

Large investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp lifted its position in shares of Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Rubrik in the 3rd quarter valued at $34,000. Triumph Capital Management bought a new stake in Rubrik in the fourth quarter valued at $33,000. Los Angeles Capital Management LLC bought a new stake in Rubrik in the fourth quarter valued at $35,000. Finally, Advocate Investing Services LLC acquired a new position in Rubrik during the fourth quarter worth $38,000. 49.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on RBRK shares. BMO Capital Markets upped their price target on Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Mizuho boosted their price objective on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Citigroup upped their target price on Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Jefferies Financial Group set a $90.00 target price on Rubrik in a research report on Friday, June 5th. Finally, Cantor Fitzgerald lifted their price target on shares of Rubrik from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.56.

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).