Kiran Kumar Choudary Sells 3,500 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $72.29, for a total value of $253,015.00. Following the sale, the chief financial officer owned 510,551 shares in the company, valued at approximately $36,907,731.79. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 stock was sold at an average price of $82.68, for a total value of $289,380.00.
• On Wednesday, September 17th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $74.82, for a total value of $261,870.00.
• On Tuesday, September 16th, Kiran Kumar Choudary sold 6,599 shares of Rubrik stock. The stock was sold at an average price of $74.21, for a total value of $489,711.79.
• On Wednesday, September 3rd, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $88.26, for a total value of $308,910.00.
• On Wednesday, August 20th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $82.93, for a total value of $290,255.00.

Rubrik Trading Down 1.2%

NYSE RBRK traded down $0.85 during trading hours on Thursday, reaching $71.51. 2,775,979 shares of the company’s stock were exchanged, compared to its average volume of 2,696,826. The stock has a market cap of $14.12 billion, a PE ratio of -30.56 and a beta of 0.20. Rubrik, Inc. has a one year low of $42.01 and a one year high of $103.00. The firm has a fifty day moving average of $80.58 and a 200-day moving average of $84.12.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. The firm’s revenue was up 44.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of RBRK. NewEdge Advisors LLC boosted its holdings in shares of Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after acquiring an additional 150 shares during the period. Creative Planning boosted its holdings in shares of Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after acquiring an additional 236 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Rubrik by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after acquiring an additional 239 shares during the period. Bogart Wealth LLC boosted its holdings in shares of Rubrik by 352.2% during the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares during the period. Finally, Amundi boosted its holdings in shares of Rubrik by 0.7% during the first quarter. Amundi now owns 37,116 shares of the company’s stock worth $2,132,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RBRK shares. Rosenblatt Securities increased their price target on Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Wedbush reissued an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rubrik in a research note on Wednesday, October 8th. Finally, CIBC raised their price objective on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a research note on Thursday, September 11th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.67.

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.