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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $118.08, for a total value of $1,513,785.60. Following the completion of the transaction, the chief technology officer directly owned 272,538 shares in the company, valued at $32,181,287.04. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arvind Nithrakashyap also recently made the following trade(s):

• On Monday, November 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $117.41, for a total value of $1,505,196.20.
• On Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $124.14, for a total value of $1,591,474.80.
• 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 value of $1,170,850.60.

Rubrik Stock Up 2.0%

Shares of NYSE:RBRK traded up $2.38 during trading on Wednesday, reaching $118.89. The stock had a trading volume of 2,433,173 shares, compared to its average volume of 3,640,306. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $139.92. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of -94.35 and a beta of 1.08. The stock has a fifty day simple moving average of $111.15 and a two-hundred day simple moving average of $77.23.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data 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 firm had revenue of $427.26 million during the quarter, compared to analyst estimates 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 firm posted ($0.03) earnings per share. 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 forecast that Rubrik, Inc. will post -1.19 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on RBRK shares. Wolfe Research reissued an “outperform” rating and set a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. Truist Financial raised their price target on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $120.00 price objective on shares of Rubrik in a research note on Friday, August 28th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Finally, Loop Capital started coverage on Rubrik in a research note on Monday, August 3rd. They set a “buy” rating and a $100.00 target price for the company. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fulcrum Asset Management LLP acquired a new stake in Rubrik in the 3rd quarter valued at $2,044,000. Allspring Global Investments Holdings LLC bought a new stake in Rubrik in the third quarter valued at $43,480,000. Brighton Jones LLC raised its stake in Rubrik by 2.2% during the third quarter. Brighton Jones LLC now owns 29,152 shares of the company’s stock worth $3,337,000 after acquiring an additional 639 shares in the last quarter. Ethic Inc. acquired a new position in Rubrik during the third quarter worth $378,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in Rubrik during the third quarter worth $1,374,000. Institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.