Arvind Nithrakashyap Sells 32,484 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,484 shares of the business’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $56.61, for a total value of $1,838,919.24. Following the completion of the sale, the chief technology officer now owns 121,827 shares of the company’s stock, valued at $6,896,626.47. The trade was a 21.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, April 7th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $52.04, for a total value of $1,690,467.36.
• On Wednesday, March 5th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $61.59, for a total transaction of $2,000,689.56.
• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.77, for a total value of $2,071,568.45.
• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $74.85, for a total value of $2,431,502.25.
• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The shares were sold at an average price of $64.89, for a total transaction of $14,768,704.44.

Rubrik Stock Performance

RBRK stock traded up $8.97 during trading on Wednesday, reaching $61.78. The company had a trading volume of 4,527,858 shares, compared to its average volume of 2,039,272. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The company has a market cap of $11.72 billion and a price-to-earnings ratio of -4.48. The firm has a 50-day simple moving average of $66.26 and a 200-day simple moving average of $57.79.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. The firm’s revenue was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.59) EPS. Sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RBRK. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 price objective on shares of Rubrik in a research note on Friday, March 14th. Rosenblatt Securities upgraded shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, March 12th. Guggenheim upped their price objective on Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Wedbush lifted their target price on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Finally, William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $69.17.

Hedge Funds Weigh In On Rubrik

A number of large investors have recently bought and sold shares of RBRK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Rubrik by 24.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock valued at $7,998,000 after acquiring an additional 49,372 shares during the last quarter. Renaissance Capital LLC boosted its holdings in Rubrik by 21.2% in the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock valued at $4,757,000 after purchasing an additional 12,714 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Rubrik during the third quarter worth $336,000. US Bancorp DE lifted its position in Rubrik by 1,329.9% in the fourth quarter. US Bancorp DE now owns 19,547 shares of the company’s stock valued at $1,278,000 after buying an additional 18,180 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Rubrik in the 4th quarter valued at approximately $11,462,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.