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 that occurred on 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 transaction, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $26,786,449.69. The trade was a 4.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 value 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 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 transaction 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 transaction of $1,125,339.60.

Rubrik Stock Performance

Shares of RBRK stock opened at $86.45 on Friday. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $107.91. The company has a 50-day simple moving average of $87.68 and a two-hundred day simple moving average of $69.98. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of -68.61 and a beta of 1.24.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. During the same quarter last year, the business posted ($0.03) EPS. The company’s quarterly revenue 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, sell-side analysts forecast that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA raised its holdings in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the period. Norges Bank bought a new position in shares of Rubrik in the fourth quarter worth $345,907,000. Legal & General Group Plc grew its position in shares of Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after purchasing an additional 151,234 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Rubrik by 11.1% in the second 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, Stephens Investment Management Group LLC raised its stake in shares of Rubrik by 47.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after purchasing an additional 191,738 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RBRK. Telsey Advisory Group set a $120.00 price target on Rubrik in a report on Friday, August 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research note on Wednesday, June 24th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a report on Friday, June 5th. Finally, Robert W. Baird upped their price objective on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and an average price target of $113.31.

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.