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 that occurred on Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total transaction of $1,084,315.60. Following the completion of the sale, the chief technology officer directly owned 303,611 shares of the company’s stock, valued at approximately $25,679,418.38. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arvind Nithrakashyap also recently made the following trade(s):

• 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.
• 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 stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16.

Rubrik Stock Down 3.3%

NYSE:RBRK opened at $84.19 on Thursday. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of -58.07 and a beta of 1.10. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The stock’s fifty day moving average is $70.24 and its two-hundred day moving average is $62.57.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same period in the prior year, the company posted ($0.15) EPS. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. 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, sell-side analysts expect that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RBRK. Barclays lifted their price objective on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price target (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Finally, BMO Capital Markets raised their price objective on shares of Rubrik from $73.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently modified their holdings of RBRK. Vanguard Group Inc. increased its stake in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after purchasing an additional 1,678,255 shares in the last quarter. First Trust Advisors LP lifted its stake in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares in the last quarter. Norges Bank acquired a new stake in Rubrik during the 4th quarter valued at $345,907,000. Pictet Asset Management Holding SA raised its holdings in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after purchasing an additional 178,714 shares in the last quarter. 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 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).