Kiran Kumar Choudary Sells 6,779 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 6,779 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $76.18, for a total transaction of $516,424.22. Following the completion of the sale, the chief financial officer owned 507,959 shares in the company, valued at $38,696,316.62. The trade was a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 9th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $91.46, for a total value of $320,110.00.
• On Wednesday, November 19th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $69.46, for a total value of $243,110.00.
• On Wednesday, November 5th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $72.29, for a total value of $253,015.00.
• On Wednesday, October 15th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $79.78, for a total value of $279,230.00.
• On Wednesday, October 1st, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The shares were sold at an average price of $82.68, for a total transaction of $289,380.00.

Rubrik Trading Up 3.8%

RBRK traded up $2.76 on Thursday, reaching $75.95. The company had a trading volume of 5,040,852 shares, compared to its average volume of 4,090,807. The company has a fifty day moving average of $75.45 and a 200-day moving average of $83.04. The company has a market capitalization of $15.20 billion, a P/E ratio of -38.95 and a beta of 0.32. Rubrik, Inc. has a one year low of $47.35 and a one year high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $350.17 million for the quarter, compared to analyst estimates of $320.19 million. During the same quarter in the prior year, the business earned ($0.21) EPS. Rubrik’s revenue was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Trading of Rubrik

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in shares of Rubrik in the first quarter worth approximately $30,000. Charles Schwab Investment Management Inc. boosted its stake in Rubrik by 22.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 497,719 shares of the company’s stock worth $30,351,000 after purchasing an additional 91,138 shares during the period. Invesco Ltd. purchased a new position in Rubrik during the 1st quarter worth approximately $16,654,000. Nuveen LLC purchased a new stake in Rubrik in the 1st quarter worth approximately $1,713,000. Finally, HighTower Advisors LLC grew its holdings in shares of Rubrik by 5.7% during the 1st quarter. HighTower Advisors LLC now owns 24,190 shares of the company’s stock valued at $1,475,000 after acquiring an additional 1,310 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RBRK. Roth Capital restated a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Robert W. Baird raised their price objective on shares of Rubrik from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. KeyCorp lowered their price objective on shares of Rubrik from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research note on Monday. Finally, Piper Sandler restated an “overweight” rating and set a $118.00 target price (up from $115.00) on shares of Rubrik in a report on Friday, December 5th. Twenty equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $114.94.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.