Arvind Nithrakashyap Sells 12,820 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $91.33, for a total transaction of $1,170,850.60. Following the transaction, the chief technology officer owned 293,293 shares in the company, valued at $26,786,449.69. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 10th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20.
• On Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20.
• On Monday, August 3rd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were 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 stock was sold at an average price of $87.78, for a total value of $1,125,339.60.

Rubrik Price Performance

NYSE:RBRK traded up $0.38 during midday trading on Thursday, hitting $89.20. The company’s stock had a trading volume of 2,898,441 shares, compared to its average volume of 3,532,979. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $107.91. The firm has a market cap of $18.36 billion, a P/E ratio of -70.80 and a beta of 1.24. The firm’s 50 day moving average is $87.62 and its 200-day moving average is $69.86.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. The firm’s revenue was up 43.9% on a year-over-year basis. During the same period last year, the company earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, analysts forecast that Rubrik, Inc. will post -1.21 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Several large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in shares of Rubrik during the 2nd quarter worth approximately $317,000. Van Hulzen Asset Management LLC purchased a new position in shares of Rubrik during the second quarter worth $1,132,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Rubrik during the 2nd quarter worth about $223,000. Integrated Wealth Concepts LLC boosted its holdings in Rubrik by 181.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,471 shares of the company’s stock valued at $1,724,000 after acquiring an additional 13,854 shares during the period. Finally, NewEdge Advisors LLC grew its position in Rubrik by 3,699.4% in the 2nd quarter. NewEdge Advisors LLC now owns 6,649 shares of the company’s stock valued at $534,000 after acquiring an additional 6,474 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RBRK shares. Wolfe Research reissued an “outperform” rating and set a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Scotiabank reissued an “outperform” rating on shares of Rubrik in a research note on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Finally, Stephens restated an “overweight” rating on shares of Rubrik in a report on Friday, August 28th. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and a consensus price target of $112.15.

About Rubrik

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.