PALO ALTO, Calif.—Choudary Kiran Kumar, chief financial officer of Rubrik, Inc. (NASDAQ:RBRK), recently made a significant stock transaction, according to a filing with the Securities and Exchange Commission. On January 2, Kumar sold 1,800 shares of Rubrik’s Class A common stock at a price of $65.72 per share, for a total of $118,296. This sale was made pursuant to a Rule 10b5-1 trading plan, which was adopted on July 15, 2024. The transaction comes as Rubrik, now valued at $12.29 billion, has seen growth of over 123% over the past six months, according to InvestingPro data.
Following this transaction, Kumar now holds 342,974 shares of Rubrik’s Class A common stock. Additionally, the filing included the exercise of stock options, converting Class B common stock into Class A common stock, although these transactions were not related to sales or purchases for cash.
Rubrik, a leader in data management and cloud-based services, continues to see active engagement of its executives in trading its shares.
In other recent news, data management company Rubrik is making significant strides in its financial results. The company reported strong revenue growth of 24.7% and beat profit estimates, with a reported adjusted loss per share of 21 cents, significantly better than the estimated loss of 40 cents per share. Rubrik’s total revenue reached $236.2 million, beating estimates of $217.6 million. These strong results led to upward revisions to Rubrik’s full-year 2025 guidance for key financial metrics, including revenue and earnings per share.
Analyst company Piper Sandler, Mizuho (NYSE: ) Securities and BMO Capital Markets responded positively to these developments, raising their price targets for Rubrik and maintaining their positive ratings on the stock. Analysis by Piper Sandler suggests that, despite the potential risks, Rubrik’s valuation remains attractive based on its growth prospects in the cloud sector. Mizuho Securities maintains its positive view on Rubrik, noting the company’s robust data management platform and its leading cyber resilience solutions. BMO Capital Markets adjusted its outlook on Rubrik by significantly raising its target price from $38.00 to $72.00, signaling confidence in the company’s performance and future prospects.
These are recent developments that investors should pay attention to. Rubrik’s updated financial outlook and revised price targets reflect the company’s current subscription revenue dynamics and the company’s confidence in Rubrik’s growth trajectory over the next several years.
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