Insider Selling: Rubrik (NYSE:RBRK) CTO Sells $1,159,056.20 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the completion of the sale, the chief technology officer owned 293,293 shares of the company’s stock, valued at approximately $26,516,620.13. This trade represents a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, 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 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.
• On Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $83.71, for a total value of $1,073,162.20.
• On Monday, August 3rd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $74.04, for a total transaction of $949,192.80.
• 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.

Rubrik Trading Up 0.4%

RBRK stock traded up $0.38 during midday trading on Thursday, reaching $89.20. The company had a trading volume of 2,898,441 shares, compared to its average volume of 3,532,979. The company has a 50 day moving average of $87.62 and a two-hundred day moving average of $69.86. The company has a market capitalization of $18.36 billion, a P/E ratio of -70.80 and a beta of 1.24. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $107.91.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same period last year, the company posted ($0.03) earnings per share. The company’s revenue was up 43.9% compared to the same quarter last year. 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, sell-side analysts anticipate that Rubrik, Inc. will post -1.21 earnings per share for the current year.

Analyst Ratings Changes

RBRK has been the subject of a number of research reports. Guggenheim increased their price target on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Jefferies Financial Group set a $90.00 price objective on Rubrik in a report on Friday, June 5th. Piper Sandler boosted their price target on shares of Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Robert W. Baird increased their price target on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. Finally, Citigroup boosted their target price on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.15.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently modified their holdings of RBRK. Comerica Bank increased its stake in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after acquiring an additional 20,471 shares during the period. NewEdge Advisors LLC boosted its stake in Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after buying an additional 2,000 shares during the period. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.