Rubrik CFO Kiran Choudary sells $1.05 million in RBRK stock

Rubrik CFO Kiran Choudary sold Class A Common Stock shares, totaling $1,048,108, on September 15 and September 17, 2026. The sale was executed according to a Rule 10b5-1 trading plan adopted on April 15, 2026. The stock was bought and sold at prices between $98.55 and $108.34 per share. Currently, Rubrik's stock is trading near $107.83, close to its 52-week high of $108.97, after a 107% increase over the past six months.

The analysis suggests Rubrik is overvalued at current levels. Additionally, Choudary acquired 4,000 Class B Common Stock shares, which were subsequently converted to Class A shares. Rubrik reported impressive second-quarter fiscal 2027 results, surpassing analyst expectations with increased revenue, subscription ARR, operating income, and free cash flow.

This led to Cantor Fitzgerald and KeyBanc raising their price targets and BMO Capital increasing its guidance. Analysts from Piper Sandler and Wedbush also raised their price targets and ratings for the company.