Insider Selling: Rubrik (NYSE:RBRK) CTO Sells $1,572,244.80 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $122.64, for a total value of $1,572,244.80. Following the transaction, the chief technology officer directly owned 272,538 shares of the company’s stock, valued at $33,424,060.32. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a 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 Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $124.14, for a total transaction of $1,591,474.80.
• 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 value 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 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.

Rubrik Stock Up 3.3%

Shares of RBRK stock opened at $124.84 on Friday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $127.90. The stock’s 50-day moving average price is $101.76 and its 200 day moving average price is $78.49. The stock has a market capitalization of $25.88 billion, a PE ratio of -99.08 and a beta of 1.12.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analysts’ expectations of $396.30 million. The firm’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 firm posted ($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. Analysts expect that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of research analyst reports. Rosenblatt Securities increased their price objective on shares of Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Wells Fargo & Company boosted their price target on Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Stephens reaffirmed an “overweight” rating on shares of Rubrik in a research note on Friday, August 28th. Telsey Advisory Group set a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.42.

Institutional Trading of Rubrik

Several large investors have recently modified their holdings of RBRK. Pictet Asset Management Holding SA increased its position in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. Clearbridge Investments LLC increased its stake in Rubrik by 7.6% during the fourth quarter. Clearbridge Investments LLC now owns 1,363,888 shares of the company’s stock valued at $104,310,000 after acquiring an additional 96,360 shares during the period. SG Americas Securities LLC raised its holdings in Rubrik by 1,284.7% in the 1st quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company’s stock valued at $57,358,000 after acquiring an additional 1,086,697 shares in the last quarter. Atreides Management LP grew its holdings in shares of Rubrik by 18.9% during the 4th quarter. Atreides Management LP now owns 895,029 shares of the company’s stock worth $68,452,000 after purchasing an additional 142,277 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Rubrik by 48.8% in the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock worth $58,744,000 after purchasing an additional 240,062 shares during the period. 49.54% of the stock is owned by institutional investors.

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.