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, July 6th. The stock was sold at an average price of $87.78, for a total value of $1,125,339.60. Following the sale, the chief technology officer directly owned 303,611 shares in the company, valued at approximately $26,650,973.58. The trade was a 4.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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, 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 value of $1,084,315.60.
• On Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $82.16, for a total transaction of $1,053,291.20.
• On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16.

Rubrik Trading Down 3.3%

Shares of RBRK opened at $84.19 on Thursday. The business’s 50-day moving average price is $70.24 and its 200 day moving average price is $62.57. The stock has a market capitalization of $17.33 billion, a P/E ratio of -58.07 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period last year, the business earned ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, research analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RBRK shares. Rosenblatt Securities restated a “buy” rating and issued a $90.00 target price on shares of Rubrik in a report on Monday, June 1st. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 target price (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Mizuho boosted their price objective on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its stake in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Norges Bank bought a new position in Rubrik during the fourth quarter worth about $345,907,000. Legal & General Group Plc boosted its stake in shares of Rubrik by 8.6% during the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after acquiring an additional 151,234 shares during the period. Stephens Investment Management Group LLC boosted its position in Rubrik by 47.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after purchasing an additional 191,738 shares during the period. Finally, Washington University bought a new position in shares of Rubrik in the fourth quarter valued at about $3,861,000. 49.54% of the stock is owned by institutional investors and hedge funds.

About Rubrik

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).