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 stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the completion of the transaction, the chief financial officer owned 564,901 shares in the company, valued at approximately $27,228,228.20. The trade was a 17.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $54.17, for a total value 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 value of $1,353,200.00.
• On Wednesday, January 7th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $76.20, for a total value of $266,700.00.

Rubrik Stock Down 3.9%

Shares of RBRK opened at $45.74 on Friday. The business’s fifty day moving average is $54.77 and its 200 day moving average is $69.09. Rubrik, Inc. has a 12-month low of $44.75 and a 12-month high of $103.00. The stock has a market cap of $9.16 billion, a P/E ratio of -25.84 and a beta of 0.45.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to the consensus estimate of $342.43 million. During the same quarter last year, the firm posted ($0.18) EPS. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BTIG Research assumed coverage on shares of Rubrik in a report on Friday, March 20th. They issued a “buy” rating and a $64.00 target price on the stock. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Citigroup decreased their price objective on Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a report on Monday, March 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $110.00 price objective on shares of Rubrik in a research note on Monday, March 16th. Finally, Cantor Fitzgerald dropped their target price on Rubrik from $105.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.10.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio lifted its holdings in Rubrik by 90.8% during the third quarter. Strs Ohio now owns 62,300 shares of the company’s stock worth $5,124,000 after acquiring an additional 29,649 shares during the period. WCM Investment Management LLC bought a new position in Rubrik in the 3rd quarter valued at $4,717,000. ARK Investment Management LLC increased its position in shares of Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock valued at $26,247,000 after purchasing an additional 55,500 shares during the last quarter. Citigroup Inc. raised its stake in shares of Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after purchasing an additional 70,504 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Rubrik by 471.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after buying an additional 41,756 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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).