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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $117.41, for a total transaction of $1,505,196.20. Following the completion of the sale, the chief technology officer directly owned 272,538 shares of the company’s stock, valued at $31,998,686.58. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Wednesday, November 4th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $118.08, for a total transaction of $1,513,785.60.
• 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 transaction of $1,591,474.80.
• On Monday, October 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $122.64, for a total transaction 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 transaction 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.

Rubrik Price Performance

Shares of NYSE RBRK opened at $105.47 on Friday. The company has a 50 day simple moving average of $111.85 and a 200-day simple moving average of $77.67. The company has a market capitalization of $21.86 billion, a P/E ratio of -83.70 and a beta of 1.08. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $139.92.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The company’s revenue was up 43.9% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, research analysts expect that Rubrik, Inc. will post -1.19 EPS for the current year.

Trending Headlines about Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik announced that its cyber-resilience capabilities now cover enterprise unstructured data, expanding the reach of its data-protection offering. This could support customer adoption, though the reports provide no financial guidance tied to the launch. Article: Rubrik Extends Cyber Resilience Across Enterprise Unstructured Data
• Neutral Sentiment: Rubrik’s Authorized Intelligence podcast joined the N2K CyberWire network. The expanded distribution may raise awareness of Rubrik’s expertise, but the announcement does not indicate a direct effect on sales or earnings. Article: Rubrik podcast joins the N2K CyberWire network
• Negative Sentiment: Several insiders reported stock sales, including CTO Arvind Nithrakashyap (12,820 shares) and directors John Thompson (11,000 shares) and Yvonne Wassenaar (721 shares). These sales can concern investors, although the transactions were made under pre-arranged Rule 10b5-1 plans; the CTO retained a substantial stake. Article: Rubrik director stock sale

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of research analyst reports. UBS Group reiterated a “buy” rating and set a $106.00 price target on shares of Rubrik in a report on Wednesday, August 19th. BTIG Research raised their price objective on Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Wolfe Research restated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Guggenheim upped their target price on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Finally, BMO Capital Markets increased their target price on shares of Rubrik from $98.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Thirty analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.04.

Institutional Trading of Rubrik

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Rubrik by 14.6% during the third quarter. Fifth Third Bancorp now owns 3,792 shares of the company’s stock worth $434,000 after purchasing an additional 483 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Rubrik by 7.8% during the third quarter. Maryland State Retirement & Pension System now owns 8,935 shares of the company’s stock worth $1,023,000 after buying an additional 647 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Rubrik in the third quarter valued at $468,000. Jefferies Financial Group Inc. acquired a new stake in shares of Rubrik in the third quarter valued at $290,000. Finally, Lido Advisors LLC grew its stake in shares of Rubrik by 26.6% in the third quarter. Lido Advisors LLC now owns 16,643 shares of the company’s stock valued at $1,905,000 after buying an additional 3,495 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

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.