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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $117.41, for a total value of $1,505,196.20. Following the sale, the chief technology officer directly owned 272,538 shares in the company, valued at $31,998,686.58. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, November 4th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $118.08, for a total transaction of $1,513,785.60.
• On Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $124.14, for a total transaction of $1,591,474.80.
• 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 value of $1,572,244.80.
• On Thursday, September 10th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was 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.

Rubrik Price Performance

NYSE RBRK opened at $118.89 on Thursday. The business’s 50-day simple moving average is $111.67 and its 200-day simple moving average is $77.48. The firm has a market capitalization of $24.65 billion, a P/E ratio of -94.35 and a beta of 1.08. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $139.92.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results 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 company’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. 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, equities research analysts expect that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RBRK shares. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a research report on Tuesday, August 25th. Barclays increased their target price on Rubrik from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Morgan Stanley initiated coverage on Rubrik in a research report on Thursday, October 29th. They set an “overweight” rating and a $155.00 price target on the stock. 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. Finally, DA Davidson upped their price objective on shares of Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Thirty equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and an average price target of $118.04.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Lido Advisors LLC raised its stake in shares of Rubrik by 26.6% in the 3rd quarter. Lido Advisors LLC now owns 16,643 shares of the company’s stock worth $1,905,000 after buying an additional 3,495 shares in the last quarter. Keybank National Association OH lifted its stake in Rubrik by 21.2% during the third quarter. Keybank National Association OH now owns 19,396 shares of the company’s stock valued at $2,220,000 after purchasing an additional 3,394 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in Rubrik during the third quarter valued at approximately $2,044,000. Allspring Global Investments Holdings LLC bought a new stake in Rubrik during the third quarter worth approximately $43,480,000. Finally, Brighton Jones LLC boosted its holdings in Rubrik by 2.2% during the third quarter. Brighton Jones LLC now owns 29,152 shares of the company’s stock worth $3,337,000 after buying an additional 639 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Negative Sentiment: Several insiders reported sales: CTO Arvind Nithrakashyap sold 12,820 shares, while director John Wendell Thompson sold 11,000 shares and was also reported to have sold another 2,500. Director Yvonne Wassenaar sold 721 shares. Thompson’s reported sale substantially reduced his stake, which could weigh on sentiment. However, the transactions were made under pre-arranged Rule 10b5-1 plans, and Nithrakashyap retained 272,538 shares. CTO SEC filing Director SEC filing Wassenaar SEC filing

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.