Kiran Kumar Choudary Sells 122,613 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 122,613 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the sale, the chief financial officer owned 564,901 shares of the company’s stock, valued at approximately $27,228,228.20. This trade represents a 17.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 18th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was sold at an average price of $54.17, for a total transaction of $1,083,400.00.
• On Friday, January 16th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was sold at an average price of $67.66, for a total transaction of $1,353,200.00.
• On Wednesday, January 7th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $76.20, for a total transaction of $266,700.00.

Rubrik Trading Up 0.0%

Shares of NYSE RBRK opened at $45.74 on Monday. Rubrik, Inc. has a 1-year low of $44.75 and a 1-year high of $103.00. The company has a market cap of $9.25 billion, a PE ratio of -25.84 and a beta of 0.46. The company has a 50-day moving average of $54.77 and a two-hundred day moving average of $68.80.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. Rubrik’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC boosted its position in shares of Rubrik by 352.2% in the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after purchasing an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners bought a new stake in Rubrik in the third quarter valued at about $31,000. Guerra Advisors Inc acquired a new position in Rubrik in the third quarter valued at about $33,000. Finally, Atlantic Union Bankshares Corp lifted its stake in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. Institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RBRK. Piper Sandler reissued an “overweight” rating and issued a $84.00 target price (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Monday, December 29th. Barclays decreased their price target on Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Citigroup lowered their price objective on Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Finally, BTIG Research assumed coverage on Rubrik in a report on Friday, March 20th. They set a “buy” rating and a $64.00 price objective for the company. One equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.10.

Rubrik Company Profile

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).