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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $74.04, for a total transaction of $949,192.80. Following the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at $21,715,413.72. The trade was a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20.
• On Wednesday, July 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $84.58, for a total transaction of $1,084,315.60.
• On Monday, July 6th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $87.78, for a total transaction of $1,125,339.60.
• 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 value of $1,053,291.20.
• On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The shares were sold at an average price of $84.28, for a total value of $16,809,393.16.

Rubrik Price Performance

Shares of Rubrik stock traded up $3.71 during trading hours on Wednesday, hitting $84.70. The company’s stock had a trading volume of 3,736,611 shares, compared to its average volume of 2,443,494. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75. The stock has a 50 day moving average of $76.72 and a 200 day moving average of $62.97. The company has a market capitalization of $17.43 billion, a PE ratio of -58.41 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RBRK. Piper Sandler reaffirmed an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. BMO Capital Markets boosted their price objective on shares of Rubrik from $87.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Twenty-nine investment 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.20.

Institutional Investors Weigh In On Rubrik

Several large investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp grew its stake in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Rubrik during the third quarter worth approximately $34,000. Triumph Capital Management acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $33,000. Los Angeles Capital Management LLC acquired a new stake in Rubrik during the 4th quarter worth approximately $35,000. Finally, Advocate Investing Services LLC acquired a new stake in Rubrik during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

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).