Rubrik (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 31,450 Shares

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 31,450 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $76.19, for a total value of $2,396,175.50. Following the completion of the transaction, the chief technology officer directly owned 342,703 shares in the company, valued at $26,110,541.57. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Rubrik Stock Performance

Shares of NYSE:RBRK traded up $2.76 during midday trading on Thursday, reaching $75.95. 5,040,852 shares of the company’s stock traded hands, compared to its average volume of 4,090,807. Rubrik, Inc. has a one year low of $47.35 and a one year high of $103.00. The company has a market cap of $15.20 billion, a price-to-earnings ratio of -38.95 and a beta of 0.32. The stock has a 50 day moving average of $75.45 and a 200 day moving average of $83.04.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. Rubrik’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its stake in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the period. Bogart Wealth LLC boosted its stake in shares of Rubrik by 352.2% during the third quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the period. ST Germain D J Co. Inc. bought a new position in shares of Rubrik in the second quarter worth about $27,000. Beacon Capital Management LLC purchased a new position in Rubrik in the 2nd quarter worth about $29,000. Finally, PNC Financial Services Group Inc. bought a new stake in Rubrik during the 1st quarter valued at about $30,000. 49.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RBRK shares. Berenberg Bank initiated coverage on Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Monday. Mizuho upgraded Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 target price on the stock in a research report on Monday, November 17th. FBN Securities restated an “outperform” rating on shares of Rubrik in a research report on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Twenty analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.94.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.