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PALO ALTO, CA — Choudary Kiran Kumar, the Chief Financial Officer of Rubrik, Inc. (NASDAQ:RBRK), a $12.36 billion market cap company that has seen its stock surge 96% over the past six months, recently sold 1,800 shares of the company's Class A Common Stock. The shares were sold at an average price of $66.52 each, totaling approximately $119,736. This transaction was conducted under a Rule 10b5-1 trading plan, which Kumar adopted on July 15, 2024. According to InvestingPro analysis, Rubrik appears overvalued at current levels, despite showing strong revenue growth of 33% in the last twelve months.
Following this sale, Kumar holds 341,374 shares of Rubrik's Class A Common Stock. Additionally, Kumar executed stock options for 1,000 shares of Class B Common Stock, which converted to Class A Common Stock as part of the transaction. The exercise price for these options was $7.99 per share. While the company remains unprofitable, InvestingPro subscribers can access 8 additional key insights about Rubrik's financial health and growth prospects.
In other recent news, data management company Rubrik has seen a flurry of activity. Piper Sandler adjusted its outlook on Rubrik, increasing the price target to $83 from $72, based on the company's mix of ratable versus upfront revenue within its Subscription segment. Similarly, Mizuho (NYSE:MFG) Securities maintained a positive stance on Rubrik, raising the company's price target to $82 from $75, highlighting Rubrik's robust data management platform and leading cyber resiliency solutions. BMO Capital Markets also increased the price target for Rubrik from $38.00 to $72.00, citing strong organic demand for Rubrik's offerings.
Rubrik's financial performance has been strong, with the company reporting revenue growth of 24.7% and exceeding earnings estimates. The adjusted loss per share was reported at 21 cents, significantly better than the estimated loss of 40 cents per share. Rubrik's total revenue reached $236.2 million, surpassing the $217.6 million estimate. This strong performance led to upward revisions in Rubrik's full-year 2025 guidance for key financial metrics, including revenue and earnings per share.
In addition to the financial updates, Rubrik's commitment to data protection and operationalization, combined with its advanced ransomware defenses, has been noted as a distinguishing factor against its competitors. These are recent developments that investors should note.
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