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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the sale, the chief technology officer owned 293,293 shares in the company, valued at $26,516,620.13. The trade was a 4.19% decrease in their ownership of the stock. The transaction 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 Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $91.33, for a total transaction of $1,170,850.60.
• 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 stock was 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 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 shares were sold at an average price of $87.78, for a total transaction of $1,125,339.60.

Rubrik Trading Up 0.4%

Shares of RBRK opened at $89.20 on Friday. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of -70.80 and a beta of 1.24. The firm’s fifty day simple moving average is $87.62 and its 200-day simple moving average is $69.86. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $107.91.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. 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 predict that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RBRK. Cantor Fitzgerald reissued an “overweight” rating and set a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. BTIG Research boosted their target price on Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. DA Davidson upped their price target on Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 28th. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research note on Tuesday, August 25th. Finally, Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.15.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in the company. Essential Partners LLC boosted its position 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 period. Atlantic Union Bankshares Corp increased its position 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 buying an additional 200 shares during the period. Triumph Capital Management acquired a new position in Rubrik during the fourth quarter worth approximately $33,000. Banque Cantonale Vaudoise acquired a new position in Rubrik during the third quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Rubrik in the fourth quarter valued at approximately $35,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

About Rubrik

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.