Insider Selling: Rubrik (NYSE:RBRK) CTO Sells $1,591,474.80 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $124.14, for a total value of $1,591,474.80. Following the sale, the chief technology officer directly owned 272,538 shares of the company’s stock, valued at $33,832,867.32. This represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, October 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $122.64, for a total value of $1,572,244.80.
• On Thursday, September 10th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20.
• On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were 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 stock was 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 shares were sold at an average price of $74.04, for a total value of $949,192.80.

Rubrik Trading Up 3.3%

Shares of Rubrik stock opened at $124.84 on Friday. The stock has a fifty day simple moving average of $101.76 and a 200 day simple moving average of $78.49. The company has a market capitalization of $25.88 billion, a P/E ratio of -99.08 and a beta of 1.12. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $127.90.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. Rubrik’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) EPS. 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, analysts predict that Rubrik, Inc. will post -1.19 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on RBRK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Monday, September 21st. Barclays raised 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. Citigroup increased their target price on shares of Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Wolfe Research restated an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Finally, Rosenblatt Securities raised their target price on shares of Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.42.

Institutional Trading of Rubrik

Institutional investors and hedge funds have recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its stake in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the period. Congress Asset Management Co. increased its stake in shares of Rubrik by 32.6% in the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock valued at $81,909,000 after purchasing an additional 175,866 shares during the period. Assenagon Asset Management S.A. grew its holdings in Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after buying an additional 28,056 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in Rubrik by 17.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock worth $34,249,000 after acquiring an additional 103,538 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Rubrik by 36.6% during the first quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock valued at $4,262,000 after purchasing an additional 23,320 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

About Rubrik

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

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.