Arvind Nithrakashyap Sells 12,820 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total value of $1,073,162.20. Following the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at $24,551,557.03. This represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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.
• On Wednesday, July 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was 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 stock was sold at an average price of $87.78, for a total transaction of $1,125,339.60.
• 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 transaction of $1,053,291.20.
• On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16.

Rubrik Trading Up 0.0%

RBRK stock opened at $84.81 on Friday. The company’s 50-day moving average price is $77.01 and its 200 day moving average price is $63.09. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The company has a market cap of $17.46 billion, a P/E ratio of -58.49 and a beta of 1.17.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same period last year, the business posted ($0.15) earnings per share. The company’s quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, equities research analysts expect that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BTIG Research reiterated a “buy” rating and set a $91.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of Rubrik in a research note on Thursday, June 11th. Truist Financial reiterated a “buy” rating and issued a $90.00 price objective (up from $80.00) on shares of Rubrik in a research report on Friday, June 5th. Piper Sandler restated an “overweight” rating and set a $91.00 target price (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. Finally, Barclays lifted their target price on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $94.20.

Institutional Trading of Rubrik

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. Norges Bank acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $345,907,000. Pictet Asset Management Holding SA lifted its stake in shares of Rubrik by 104.1% during 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 buying an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC boosted its position in Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after acquiring an additional 178,714 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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).