Insider Selling: Rubrik (NYSE:RBRK) CTO Sells $1,073,162.20 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total value of $1,073,162.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $24,551,557.03. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arvind Nithrakashyap also recently made the following trade(s):

• On Monday, August 3rd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $74.04, for a total value of $949,192.80.
• On Wednesday, July 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $84.58, for a total value of $1,084,315.60.
• On Monday, July 6th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $87.78, for a total transaction of $1,125,339.60.
• On Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $82.16, for a total transaction of $1,053,291.20.
• On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16.

Rubrik Stock Up 6.4%

RBRK opened at $90.02 on Friday. The firm’s fifty day simple moving average is $77.24 and its two-hundred day simple moving average is $63.28. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75. The company has a market cap of $18.53 billion, a price-to-earnings ratio of -62.08 and a beta of 1.17.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, research analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current year.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent research reports. Barclays increased their price objective on Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of Rubrik in a report on Thursday, June 11th. Mizuho increased their target price on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. Finally, KeyCorp upped their price objective on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.20.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank boosted its position in shares of Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the last quarter. Royal Bank of Canada increased its position in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after purchasing an additional 20,471 shares during the last quarter. NewEdge Advisors LLC raised its stake in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. raised its stake in Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

About Rubrik

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).