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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $91.33, for a total value of $1,170,850.60. Following the completion of the transaction, the chief technology officer owned 293,293 shares of the company’s stock, valued at $26,786,449.69. The trade was a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20.
• 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 transaction of $949,192.80.
• 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 Monday, July 6th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $87.78, for a total value of $1,125,339.60.

Rubrik Stock Performance

NYSE RBRK traded up $0.38 during trading on Thursday, reaching $89.20. 2,898,441 shares of the company’s stock were exchanged, compared to its average volume of 3,532,979. The company has a 50 day moving average price of $87.62 and a two-hundred day moving average price of $69.86. The stock has a market cap of $18.36 billion, a P/E ratio of -70.80 and a beta of 1.24. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $107.91.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. Rubrik’s revenue was up 43.9% on a year-over-year basis. During the same period last year, the business posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts forecast that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RBRK shares. Wolfe Research reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. BMO Capital Markets boosted their price target on shares of Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Mizuho upped their price objective on shares of Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Robert W. Baird raised their price objective on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Finally, KeyCorp lifted their target price on Rubrik from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.15.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Essential Partners LLC grew its stake in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. Triumph Capital Management purchased a new position in Rubrik during the 4th quarter worth $33,000. Banque Cantonale Vaudoise purchased a new stake in shares of Rubrik in the third quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Rubrik during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.