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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the completion of the sale, the chief technology officer directly owned 293,293 shares of the company’s stock, valued at $24,551,557.03. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 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 stock was sold at an average price of $87.78, for a total value of $1,125,339.60.
• On Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $82.16, for a total value of $1,053,291.20.
• On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The shares were sold at an average price of $84.28, for a total value of $16,809,393.16.

Rubrik Price Performance

Rubrik stock traded up $3.71 during midday trading on Wednesday, hitting $84.70. 3,736,611 shares of the company were exchanged, compared to its average volume of 2,443,494. The company has a market cap of $17.43 billion, a PE ratio of -58.41 and a beta of 1.17. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The company’s fifty day moving average price is $76.72 and its 200-day moving average price is $62.97.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the prior year, the business earned ($0.15) EPS. The company’s revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, analysts expect that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB raised its holdings in shares of Rubrik by 35.4% during the second quarter. Handelsbanken Fonder AB now owns 44,400 shares of the company’s stock valued at $3,564,000 after buying an additional 11,600 shares during the last quarter. Gradient Investments LLC boosted its holdings in shares of Rubrik by 34.4% in the second quarter. Gradient Investments LLC now owns 25,652 shares of the company’s stock valued at $2,059,000 after acquiring an additional 6,567 shares in the last quarter. FNY Investment Advisers LLC lifted its position in Rubrik by 112.7% in the second quarter. FNY Investment Advisers LLC now owns 9,677 shares of the company’s stock worth $776,000 after purchasing an additional 5,127 shares during the period. Assenagon Asset Management S.A. boosted its stake in Rubrik by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after purchasing an additional 28,056 shares in the last quarter. Finally, Balefire LLC acquired a new position in shares of Rubrik during the 2nd quarter valued at $344,000. 49.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBRK. Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a research report on Friday, June 5th. Rosenblatt Securities restated a “buy” rating and set a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Wolfe Research restated an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a research note on Friday, June 5th. Loop Capital began coverage on shares of Rubrik in a report on Monday. They set a “buy” rating and a $100.00 price objective for the company. Finally, KeyCorp upped their target price on shares of Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.20.

Rubrik Company Profile

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).