Rubrik (NYSE:RBRK) CTO Sells 12,820 Shares of Company Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $124.14, for a total transaction of $1,591,474.80. Following the transaction, the chief technology officer owned 272,538 shares in the company, valued at $33,832,867.32. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Monday, October 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $122.64, for a total transaction of $1,572,244.80.
• 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 Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was 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 shares were sold at an average price of $74.04, for a total value of $949,192.80.

Rubrik Trading Down 1.6%

Shares of RBRK traded down $2.04 during mid-day trading on Wednesday, reaching $123.76. The company’s stock had a trading volume of 2,356,621 shares, compared to its average volume of 3,696,619. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $127.90. The business has a 50-day simple moving average of $98.68 and a two-hundred day simple moving average of $77.14. The stock has a market cap of $25.66 billion, a P/E ratio of -98.22 and a beta of 1.12.

Rubrik (NYSE:RBRK) last posted its 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 business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts anticipate that Rubrik, Inc. will post -1.19 EPS for the current year.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pictet Asset Management Holding SA increased its position in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the period. Congress Asset Management Co. raised its stake in Rubrik by 32.6% in the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after purchasing an additional 175,866 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after purchasing an additional 28,056 shares during the period. Stephens Investment Management Group LLC boosted its holdings in Rubrik by 17.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock valued at $34,249,000 after purchasing an additional 103,538 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Rubrik by 36.6% during the 1st quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock worth $4,262,000 after purchasing an additional 23,320 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RBRK shares. Telsey Advisory Group set a $120.00 price objective on shares of Rubrik in a research report on Friday, August 28th. BMO Capital Markets lifted their target price on shares of Rubrik from $98.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a research note on Wednesday, August 19th. Piper Sandler increased their price target on shares of Rubrik from $91.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Twenty-eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.42.

Rubrik Company Profile

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

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.