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PALO ALTO, CA — Choudary Kiran Kumar, the Chief Financial Officer of Rubrik, Inc. (NASDAQ:RBRK), recently disclosed the sale of company shares totaling $124,058. The transactions occurred on April 16, 2025, and involved the sale of 2,000 shares of Class A Common Stock. The sale comes as Rubrik, now valued at $11.8 billion, has seen its stock surge 66.5% over the past year.
The shares were sold at prices ranging from $60.94 to $62.80 per share, according to the SEC filing. Following these transactions, Kumar holds 614,798 shares directly. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with 14 analysts recently revising their earnings expectations upward.
The sales were part of a pre-established trading plan under Rule 10b5-1, which allows company insiders to set up a predetermined schedule for buying or selling stock. This plan was adopted on January 15, 2025.
Additionally, the filing reported the exercise of stock options, converting Class B Common Stock into Class A Common Stock, although these transactions did not involve any financial exchange.
In other recent news, Rubrik has announced significant advancements aimed at enhancing cyber resilience for Google (NASDAQ:GOOGL) Cloud customers. This initiative includes a cloud-based isolated recovery environment developed in collaboration with Mandiant, designed to protect business-critical data backups from cyber threats. Additionally, Rubrik introduced its Rubrik Annapurna initiative to bolster AI data security on Google Cloud, ensuring secure data access and management for AI-driven applications. In financial developments, Guggenheim analysts raised their price target on Rubrik to $80, maintaining a Buy rating, citing the company’s innovative approach to cybersecurity and strong Annual Recurring Revenue (ARR) growth. BMO Capital also increased its price target to $77, keeping an Outperform rating, highlighting Rubrik’s robust subscription ARR growth and free cash flow. Furthermore, Truist Securities reaffirmed a $90 price target with a Buy rating, following Rubrik’s impressive fourth-quarter performance for fiscal year 2025, which exceeded guidance across several key metrics. These developments reflect Rubrik’s strong positioning in the cybersecurity market and its ability to capture market share with comprehensive security solutions.
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