Rubrik (NYSE:RBRK) CTO Sells $1,125,339.60 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $87.78, for a total value of $1,125,339.60. Following the sale, the chief technology officer directly owned 303,611 shares of the company’s stock, valued at $26,650,973.58. The trade was a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 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 value of $1,084,315.60.
• 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 value of $1,053,291.20.
• On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16.

Rubrik Stock Down 3.3%

Shares of NYSE RBRK traded down $2.85 during mid-day trading on Wednesday, hitting $84.19. 2,773,030 shares of the company were exchanged, compared to its average volume of 3,506,120. The stock has a 50 day simple moving average of $70.24 and a 200-day simple moving average of $62.57. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of -58.07 and a beta of 1.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RBRK has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $91.00 price objective (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Mizuho boosted their target price on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Wells Fargo & Company reduced their price target on Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, Jefferies Financial Group set a $90.00 price target on Rubrik in a research note on Friday, June 5th. Twenty-eight research 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 company has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RBRK. Pictet Asset Management Holding SA raised its holdings in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. Norges Bank acquired a new position in shares of Rubrik during the 4th quarter worth $345,907,000. Legal & General Group Plc boosted its position in shares of Rubrik by 8.6% in the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after buying an additional 151,234 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Rubrik by 47.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after buying an additional 191,738 shares in the last quarter. Finally, Washington University acquired a new stake in Rubrik in the 4th quarter valued at about $3,861,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

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).