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PALO ALTO, CA—Choudary Kiran Kumar, the Chief Financial Officer of Rubrik, Inc. (NASDAQ:RBRK), has sold a portion of his shares in the company, according to a recent SEC filing. The transaction comes as Rubrik’s stock trades near its 52-week high of $97.76, having delivered an impressive 215% return over the past year. On May 28, 2025, Kumar sold 3,500 shares of Rubrik’s Class A common stock at a price of $94.86 per share, amounting to a total transaction value of $332,010.
This transaction was carried out under a Rule 10b5-1 trading plan, which Kumar adopted on January 15, 2025. Following this sale, Kumar retains ownership of 551,665 shares in the company.
In other recent news, Rubrik Inc. has been the focus of several analyst reports and company announcements. Guggenheim raised its price target for Rubrik to $105, citing confidence in the company’s ability to meet or exceed revenue expectations for its fiscal year 2026. Cantor Fitzgerald maintained an Overweight rating with a $95 target, emphasizing Rubrik’s resilience against hardware tariffs due to its software-centric business model. Roth/MKM initiated coverage with a Buy rating, setting a price target of $97 and highlighting Rubrik’s growth potential in the data protection market. Additionally, Rubrik appointed Kavitha Mariappan as Chief Transformation Officer, a move aimed at enhancing executive engagement and accelerating cyber resilience efforts. The company also announced advancements to bolster cyber defenses for Google (NASDAQ:GOOGL) Cloud customers, including a cloud-based isolated recovery environment in collaboration with Mandiant. These developments are part of Rubrik’s broader strategy to enhance its data protection and cyber resilience offerings.
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