Rubrik (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 199,447 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 199,447 shares of Rubrik stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the sale, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. The trade was a 38.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $82.16, for a total transaction of $1,053,291.20.

Rubrik Trading Down 3.4%

RBRK stock opened at $79.55 on Thursday. The firm has a market cap of $16.09 billion, a PE ratio of -44.94 and a beta of 1.10. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $103.00. The company has a fifty day simple moving average of $57.70 and a 200 day simple moving average of $62.50.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The firm’s revenue was up 46.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, analysts forecast that Rubrik, Inc. will post -1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Scotiabank set a $70.00 target price on shares of Rubrik and gave the stock a “sector outperform” rating in a research report on Monday, April 20th. BTIG Research boosted their target price on shares of Rubrik from $64.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. UBS Group restated a “buy” rating on shares of Rubrik in a report on Monday. Finally, Mizuho dropped their price objective on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.12.

Hedge Funds Weigh In On Rubrik

Several large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares in the last quarter. Financial Life Planners bought a new stake in shares of Rubrik during the third quarter worth $31,000. Guerra Advisors Inc bought a new stake in shares of Rubrik during the third quarter worth $33,000. Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Rubrik in the third quarter valued at $34,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik gained early access to Anthropic’s Mythos Research Preview, which could bolster its cyber resilience offerings and support the company’s AI/security narrative. Rubrik Gains Access to Anthropic Mythos Research Preview to Advance Cyber Resilience
• Positive Sentiment: Jefferies said Rubrik is likely heading into its first-quarter report with strong demand trends in cyber resilience and identity security, which may help support the stock if results and guidance are solid. Rubrik faces high expectations going into Q1 earnings report
• Neutral Sentiment: Several analysts continue to rate Rubrik favorably, with a consensus “Moderate Buy” and a target price near recent trading levels, suggesting Wall Street still sees upside, but not enough to offset near-term headline risk. A Look At Rubrik (RBRK) Valuation As AI And Cybersecurity Partnerships Draw Market Attention
• Negative Sentiment: CTO Arvind Nithrakashyap sold a large block of shares in multiple transactions, including a sizable June 1 sale, adding to concerns that insiders may be trimming exposure after the stock’s recent run-up. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also sold shares, including a much larger June 1 transaction, which can weigh on sentiment when investors are already focused on valuation and upcoming earnings. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar disclosed additional share sales, reinforcing the broader insider-selling theme that may be contributing to today’s weakness. SEC filing for Yvonne Wassenaar sale

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).