Rubrik (NYSE:RBRK) CTO 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 on Tuesday, September 8th. The shares were sold at an average price of $91.33, for a total transaction of $1,170,850.60. Following the transaction, the chief technology officer owned 293,293 shares of the company’s stock, valued at approximately $26,786,449.69. The trade was a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 stock was sold at an average price of $83.71, for a total value 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 shares were 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 stock was sold at an average price of $87.78, for a total transaction of $1,125,339.60.

Rubrik Price Performance

Rubrik stock opened at $89.20 on Friday. The company has a market capitalization of $18.36 billion, a PE ratio of -70.80 and a beta of 1.24. The business has a 50 day simple moving average of $87.62 and a 200 day simple moving average of $69.86. Rubrik, Inc. has a one year low of $42.25 and a one year high of $107.91.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($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. Equities analysts anticipate that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on RBRK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Stephens reissued an “overweight” rating on shares of Rubrik in a research note on Friday, August 28th. Loop Capital started coverage on Rubrik in a research report on Monday, August 3rd. They set a “buy” rating and a $100.00 target price for the company. Jefferies Financial Group set a $90.00 price target on Rubrik in a research note on Friday, June 5th. Finally, Telsey Advisory Group set a $120.00 price target on shares of Rubrik in a research report on Friday, August 28th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essential Partners LLC raised its position in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares during the period. Atlantic Union Bankshares Corp grew its position in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Triumph Capital Management bought a new stake in Rubrik during the 4th quarter worth approximately $33,000. Banque Cantonale Vaudoise acquired a new stake in Rubrik during the 3rd quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Rubrik during the 4th quarter worth approximately $35,000. 49.54% of the stock is currently owned by institutional investors.

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.