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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $118.08, for a total transaction of $1,513,785.60. Following the sale, the chief technology officer owned 272,538 shares of the company’s stock, valued at $32,181,287.04. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, November 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $117.41, for a total transaction of $1,505,196.20.
• 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 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 stock was 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 transaction of $1,170,850.60.

Rubrik Stock Performance

Shares of NYSE RBRK traded up $2.38 during mid-day trading on Wednesday, hitting $118.89. 2,433,173 shares of the stock were exchanged, compared to its average volume of 3,640,306. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $139.92. The stock’s fifty day simple moving average is $111.15 and its two-hundred day simple moving average is $77.23. The company has a market cap of $24.64 billion, a P/E ratio of -94.35 and a beta of 1.08.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The firm’s revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($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. As a group, equities research analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RBRK shares. Morgan Stanley began coverage on Rubrik in a research report on Thursday, October 29th. They issued an “overweight” rating and a $155.00 price objective for the company. BTIG Research increased their target price on Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Loop Capital assumed coverage on Rubrik in a research note on Monday, August 3rd. They issued a “buy” rating and a $100.00 target price for the company. Citigroup lifted their price target on Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Barclays lifted their price target on Rubrik from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Thirty analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.04.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fulcrum Asset Management LLP acquired a new position in Rubrik during the 3rd quarter worth $2,044,000. Allspring Global Investments Holdings LLC bought a new position in Rubrik in the 3rd quarter valued at $43,480,000. Brighton Jones LLC boosted its position in Rubrik by 2.2% in the 3rd quarter. Brighton Jones LLC now owns 29,152 shares of the company’s stock valued at $3,337,000 after buying an additional 639 shares during the last quarter. Ethic Inc. acquired a new stake in shares of Rubrik in the 3rd quarter valued at $378,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of Rubrik in the 3rd quarter valued at $1,374,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

About Rubrik

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.