Rubrik (NYSE:RBRK) CTO Sells $1,170,850.60 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $91.33, for a total transaction of $1,170,850.60. Following the completion of the transaction, the chief technology officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20.
• On Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were 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 shares were sold at an average price of $74.04, for a total value 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 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.

Rubrik Trading Down 2.8%

NYSE RBRK opened at $86.45 on Friday. The firm has a market cap of $17.79 billion, a PE ratio of -68.61 and a beta of 1.24. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $107.91. The stock has a 50-day moving average of $87.68 and a 200-day moving average of $69.98.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. Rubrik’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Robert W. Baird upped their price target on shares of Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Oppenheimer set a $120.00 price target on shares of Rubrik in a research report on Thursday, August 20th. Guggenheim raised their price target on shares of Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Finally, Barclays boosted their price objective on shares of Rubrik from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.31.

Hedge Funds Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently made changes to their positions in RBRK. California State Teachers Retirement System boosted its stake in shares of Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock valued at $1,186,676,000 after purchasing an additional 14,609,375 shares in the last quarter. Norges Bank bought a new position in Rubrik in the fourth quarter worth about $345,907,000. First Trust Advisors LP lifted its holdings in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after buying an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA lifted its holdings in 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 buying an additional 1,696,342 shares during the period. Finally, AQR Capital Management LLC bought a new stake in Rubrik during the 3rd quarter valued at approximately $97,828,000. Institutional investors own 49.54% of the company’s stock.

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.