Rubrik CFO Kiran Choudary sells $1.05 million in RBRK stock By Investing.com

Kiran Kumar Choudary, Chief Financial Officer of Rubrik, Inc. (), sold 10,000 shares of the company’s Class A Common Stock for a total value of $1,048,108. The sales occurred on September 15 and September 17, 2026, and were executed pursuant to a Rule 10b5-1 trading plan adopted on April 15, 2026.

The shares were sold in multiple transactions at prices ranging from $98.55 to $108.34 per share. The stock currently trades at $107.83, near its 52-week high of $108.97, following a remarkable 107% surge over the past six months. According to InvestingPro analysis, Rubrik appears overvalued at current levels relative to its Fair Value.

Additionally, Mr. Choudary disposed of 13,995 shares of Class A Common Stock on September 15, 2026, in a transaction related to tax withholding. This disposition was valued at $1,402,299, based on a price of $100.2 per share. On the same date, Mr. Choudary acquired 4,000 shares of Class A Common Stock at $0. This acquisition followed the exercise of 4,000 stock options for Class B Common Stock at an exercise price of $7.99 per share, with the Class B shares subsequently converting into Class A Common Stock. The stock options had a vesting schedule, with a portion vesting on August 20, 2019, and monthly thereafter. For deeper insights into Rubrik’s financial health and executive compensation trends, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Rubrik Inc. reported strong second-quarter fiscal 2027 results, surpassing FactSet consensus estimates on several key metrics, including revenue, subscription annual recurring revenue (ARR), operating income, and free cash flow. The company achieved $96 million in net new subscription ARR, exceeding the consensus expectation of $76 million, leading to a 33% growth in subscription ARR. Following these results, Cantor Fitzgerald reiterated its Overweight rating and maintained a $120.00 price target for Rubrik. KeyBanc also raised its price target to $120, highlighting the company’s strong performance and a $25 million increase in full-year ARR guidance. BMO Capital increased its price target to $115, citing higher estimates for ARR and free cash flow for fiscal 2027 and 2028. Piper Sandler raised its price target to $114, noting Rubrik’s advantage from cloud growth and a robust go-to-market strategy. Additionally, Wedbush initiated coverage on Rubrik with an Outperform rating and a price target of $120, adding the stock to its Best Ideas List. These developments reflect a positive outlook from analysts on Rubrik’s financial performance and growth prospects.

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