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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $90.41, for a total value of $1,159,056.20. Following the completion of the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at $26,516,620.13. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $91.33, for a total value of $1,170,850.60.
• 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 value of $1,073,162.20.
• 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 transaction of $949,192.80.
• On Wednesday, July 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $84.58, for a total transaction 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 transaction of $1,125,339.60.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $86.45 on Friday. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $107.91. The company has a market capitalization of $17.79 billion, a P/E ratio of -68.61 and a beta of 1.24. The firm’s 50 day simple moving average is $87.68 and its two-hundred day simple moving average is $69.98.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the previous 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. On average, sell-side analysts anticipate that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup increased their price target on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Cantor Fitzgerald restated an “overweight” rating and issued a $120.00 price objective on shares of Rubrik in a research report on Friday, August 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. BTIG Research lifted their target price on Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, Guggenheim lifted their target price on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and an average target price of $113.31.

Institutional Investors Weigh In On Rubrik

Several large investors have recently made changes to their positions in RBRK. Sequoia Financial Advisors LLC bought a new position in Rubrik during the second quarter valued at $317,000. Van Hulzen Asset Management LLC bought a new stake in shares of Rubrik in the 2nd quarter worth about $1,132,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Rubrik in the 2nd quarter worth about $223,000. Integrated Wealth Concepts LLC raised its position in shares of 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 buying an additional 13,854 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Rubrik by 3,699.4% during the 2nd quarter. NewEdge Advisors LLC now owns 6,649 shares of the company’s stock valued at $534,000 after buying an additional 6,474 shares in the last quarter. 49.54% of the stock is owned by institutional investors.

Rubrik Company Profile

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.