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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total value of $1,053,291.20. Following the sale, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $25,802,183.68. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, 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 3.4%

Shares of Rubrik stock opened at $79.55 on Thursday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $103.00. The business has a fifty day simple moving average of $57.70 and a 200 day simple moving average of $62.50. The stock has a market cap of $16.09 billion, a PE ratio of -44.94 and a beta of 1.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. During the same period last year, the firm earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts expect that Rubrik, Inc. will post -1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after purchasing an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. CI Investments Inc. boosted its holdings in Rubrik by 31.7% during the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after purchasing an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after purchasing an additional 224 shares during the last quarter. Finally, Creative Planning boosted its holdings in Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several recent analyst reports. Scotiabank set a $70.00 target price on shares of Rubrik and gave the company a “sector outperform” rating in a research note on Monday, April 20th. The Goldman Sachs Group lowered their target price on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research note on Friday, March 27th. KeyCorp lowered their target price on shares of Rubrik from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Finally, Wolfe Research initiated coverage on shares of Rubrik in a research note on Friday, May 1st. They issued an “outperform” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.12.

Key Rubrik News

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik gained early access to Anthropic’s Mythos Research Preview, which could strengthen its AI-enabled cyber resilience platform and support the company’s long-term growth narrative. Rubrik Gains Access to Anthropic Mythos Research Preview to Advance Cyber Resilience
• Positive Sentiment: Analysts say Rubrik is heading into its upcoming Q1 earnings report with strong demand trends in cyber resilience and identity security, which could support the stock if results and guidance are solid. Rubrik faces high expectations going into Q1 earnings report
• Neutral Sentiment: Wall Street sentiment remains constructive overall, with a “Moderate Buy” consensus and an average price target near current trading levels, suggesting investors still see upside potential. A Look At Rubrik (RBRK) Valuation As AI And Cybersecurity Partnerships Draw Market Attention
• Negative Sentiment: CTO Arvind Nithrakashyap sold a large block of Rubrik shares in multiple transactions, including a major June 1 sale, adding to concern that insiders may be locking in gains after the stock’s strong run. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also disclosed share sales, reinforcing the broader insider-selling theme that can pressure sentiment ahead of earnings. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar’s additional sale adds to the insider-trading overhang and may be contributing to near-term weakness in RBRK. SEC filing for Yvonne Wassenaar sale

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).