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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed 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, 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 stock was 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 shares were sold at an average price of $87.78, for a total transaction of $1,125,339.60.
• On Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $82.16, for a total transaction 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 Performance

RBRK stock opened at $84.70 on Thursday. The company has a 50 day moving average price of $76.72 and a two-hundred day moving average price of $62.97. The stock has a market capitalization of $17.43 billion, a P/E ratio of -58.41 and a beta of 1.17. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75.

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, 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. Rubrik’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Research analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in RBRK. Vanguard Group Inc. boosted its position in Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. First Trust Advisors LP raised its position in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the period. Norges Bank purchased a new position in Rubrik in the fourth quarter valued at about $345,907,000. Pictet Asset Management Holding SA lifted its stake in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Rubrik by 7.6% during the fourth 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.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: New AI security product: Rubrik unveiled “Agent Identity,” a capability designed to authenticate and govern AI agents’ actions in real time. The product addresses emerging risks associated with autonomous and agentic AI systems and could strengthen Rubrik’s positioning in the growing data-security market. Rubrik Unveils Agent Identity to Secure Agentic Actions in Real-Time
• Positive Sentiment: Fresh bullish analyst coverage: Loop Capital initiated coverage of Rubrik with a Buy rating, adding to an already favorable Wall Street view. The company’s consensus rating is Moderate Buy, with an average analyst price target of $94.20, suggesting potential upside from recent trading levels. Rubrik in Spotlight as Loop Capital Starts with Buy Rating
• Neutral Sentiment: Industry tailwind: The Cloud Security Alliance launched an AI Resilience Center of Excellence, highlighting increasing industry attention on AI security, resilience and governance. The initiative is not specific to Rubrik but supports the broader market opportunity targeted by its security platform. Cloud Security Alliance Launches AI Resilience Center of Excellence
• Negative Sentiment: Insider selling: CTO Arvind Nithrakashyap sold 25,640 shares for roughly $2.02 million across August 3 and August 5, while directors Yvonne Wassenaar and John Wendell Thompson sold 721 and 13,500 shares, respectively. The sales reduce insider ownership and may weigh on sentiment, but the pre-arranged trading plans make them less indicative of a negative view of Rubrik’s outlook.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of Rubrik in a report on Monday, June 1st. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. BTIG Research reissued a “buy” rating and set a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Finally, BMO Capital Markets upped their price objective on Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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).