Rubrik, Inc. (NYSE:RBRK – Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $118.08, for a total transaction of $1,513,785.60. Following the sale, the chief technology officer owned 272,538 shares in the company, valued at approximately $32,181,287.04. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $1,505,196.20.
- On Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was 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 shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20.
- On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $91.33, for a total transaction of $1,170,850.60.
Rubrik Trading Up 2.0%
Rubrik stock opened at $118.89 on Thursday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $139.92. The stock has a fifty day simple moving average of $111.67 and a two-hundred day simple moving average of $77.48. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of -94.35 and a beta of 1.08.
Rubrik (NYSE:RBRK – Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period last 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. On average, equities research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.
Analyst Ratings Changes
RBRK has been the subject of several analyst reports. Wolfe Research restated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a research note on Friday, August 28th. Guggenheim lifted their price target on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 24th. Stephens reissued an “overweight” rating on shares of Rubrik in a research note on Friday, August 28th. Robert W. Baird raised their price target on Rubrik from $130.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, September 23rd. Finally, Truist Financial upped their price objective on Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and an average target price of $118.04.
View Our Latest Analysis on Rubrik
Key Headlines Impacting Rubrik
Here are the key news stories impacting Rubrik this week:
- Negative Sentiment: Several insiders reported sales: CTO Arvind Nithrakashyap sold 12,820 shares, while director John Wendell Thompson sold 11,000 shares and was also reported to have sold another 2,500. Director Yvonne Wassenaar sold 721 shares. Thompson’s reported sale substantially reduced his stake, which could weigh on sentiment. However, the transactions were made under pre-arranged Rule 10b5-1 plans, and Nithrakashyap retained 272,538 shares. CTO SEC filing Director SEC filing Wassenaar SEC filing
Institutional Investors Weigh In On Rubrik
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. V Square Quantitative Management LLC purchased a new stake in shares of Rubrik in the third quarter worth approximately $27,000. Essential Partners LLC boosted its holdings in Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after acquiring an additional 284 shares during the period. Sunbelt Securities Inc. purchased a new position in Rubrik during the 1st quarter valued at $46,000. Markowski Investments purchased a new position in Rubrik during the 2nd quarter valued at $48,000. Finally, CoreCap Advisors LLC grew its position in Rubrik by 268.2% in the 3rd quarter. CoreCap Advisors LLC now owns 545 shares of the company’s stock valued at $62,000 after acquiring an additional 397 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.
Rubrik Company Profile
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.
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