Rubrik CFO Sells Nearly 14,000 Shares
Choudary Kiran Kumar, CFO of Rubrik, sold shares worth about $977,000.
Key Points
- On June 16, 2026, Rubrik's CFO Choudary Kiran Kumar sold 13,995 shares at an average price of $69.79, totaling $976,711.
- Rubrik, Inc. trades on the NYSE under the ticker RBRK with a market cap of approximately $14.24 billion and a forward P/E of 107.
- Analysts like Stephens & Co. and Cantor Fitzgerald have reiterated their 'buy' ratings with targets around $90 to $95.
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On June 16, 2026, Choudary Kiran Kumar, the Chief Financial Officer of Rubrik, Inc. (NYSE: RBRK), sold 13,995 shares. The shares were sold at an average price of $69.79, totaling about $976,711. This transaction was not part of a pre-planned trading program.
Rubrik, Inc. Stock Down 25.6%
Shares of NYSE:RBRK traded near $69.18. Rubrik, Inc. has a market cap of approximately $14.24 billion and a forward P/E ratio of about 107, indicating high expectations for future earnings. The stock's beta is 1.101, suggesting a slightly higher volatility compared to the broader market. Over the past 52 weeks, the stock has ranged from a low of $42.25 to a high of $99.75, with a 50-day moving average of $61.79 and a 200-day moving average of $67.37.
$RBRK stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Rubrik reported revenue of about $1.42 billion, reflecting a growth rate of 39%. However, the company is not yet profitable, with a net margin of -20.25%. The next earnings report is expected on September 8, 2026.
Insider Buying and Selling at Rubrik, Inc.
In addition to Choudary Kiran Kumar's sale, other notable insider transactions include Chief Technology Officer Nithrakashyap Arvind selling 10,437 shares on the same day. Earlier in June, insiders such as Asheem Chandna purchased shares, indicating varied insider activity.
Analysts Set New Price Targets
Several analysts have reiterated their positive outlook on Rubrik. On June 15, 2026, Stephens & Co. reiterated a 'buy' rating with a $90 target. Cantor Fitzgerald maintained its 'buy' rating with a $95 target on June 11, 2026. The consensus among 28 analysts remains a 'strong buy', with an average target price of $95.50.
About Rubrik, Inc.
Rubrik, Inc. is a technology company based in Palo Alto, California. It specializes in providing data security solutions across various sectors, including financial services, healthcare, and technology. The company offers a range of products for data protection and cyber resilience, including AI-driven solutions like RUBY and SENTRYAI. Founded in 2013, Rubrik is led by CEO Bipul Sinha and employs approximately 3,797 people globally.
Bottom Line
Choudary Kiran Kumar's recent sale of Rubrik shares is a notable insider transaction, reflecting personal financial decisions rather than company performance. Rubrik remains a significant player in the data security industry, with strong analyst support and a robust market presence. As always, it's important to remember that 13F filings and insider transactions provide a historical view and may not indicate future performance.
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