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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $118.08, for a total value of $1,513,785.60. Following the completion of the transaction, the chief technology officer directly owned 272,538 shares of the company’s stock, valued at approximately $32,181,287.04. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Monday, November 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $117.41, for a total value of $1,505,196.20.
• On Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $124.14, for a total value of $1,591,474.80.
• On Monday, October 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $122.64, for a total value of $1,572,244.80.
• 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 value of $1,159,056.20.
• On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $91.33, for a total value of $1,170,850.60.

Rubrik Price Performance

Shares of RBRK opened at $105.47 on Friday. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $139.92. The company has a 50 day simple moving average of $111.85 and a two-hundred day simple moving average of $77.67. The firm has a market cap of $21.86 billion, a P/E ratio of -83.70 and a beta of 1.08.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating 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. The company’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. 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 anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik announced that its cyber-resilience capabilities now cover enterprise unstructured data, expanding the reach of its data-protection offering. This could support customer adoption, though the reports provide no financial guidance tied to the launch. Article: Rubrik Extends Cyber Resilience Across Enterprise Unstructured Data
• Neutral Sentiment: Rubrik’s Authorized Intelligence podcast joined the N2K CyberWire network. The expanded distribution may raise awareness of Rubrik’s expertise, but the announcement does not indicate a direct effect on sales or earnings. Article: Rubrik podcast joins the N2K CyberWire network
• Negative Sentiment: Several insiders reported stock sales, including CTO Arvind Nithrakashyap (12,820 shares) and directors John Thompson (11,000 shares) and Yvonne Wassenaar (721 shares). These sales can concern investors, although the transactions were made under pre-arranged Rule 10b5-1 plans; the CTO retained a substantial stake. Article: Rubrik director stock sale

Analysts Set New Price Targets

Several brokerages have recently issued reports on RBRK. Barclays lifted their target price on Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research note on Monday, September 21st. Guggenheim raised their price target on Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Truist Financial lifted their price objective on Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Loop Capital initiated coverage on Rubrik in a research note on Monday, August 3rd. They issued a “buy” rating and a $100.00 price objective on the stock. Thirty research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.04.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Rubrik by 48.8% during the 2nd quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after buying an additional 240,062 shares in the last quarter. Congress Asset Management Co. lifted its holdings in Rubrik by 32.6% during the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after buying an additional 175,866 shares during the period. Amundi lifted its stake in shares of Rubrik by 449.5% during the 1st quarter. Amundi now owns 561,496 shares of the company’s stock worth $27,496,000 after purchasing an additional 459,314 shares during the last quarter. CI Investments Inc. bought a new stake in shares of Rubrik in the 1st quarter valued at about $19,815,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Rubrik in the third quarter valued at approximately $43,480,000. 49.54% of the stock is owned by institutional investors.

About Rubrik

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.