Rubrik, Inc. (NYSE:RBRK) CTO Sells $2,437,274.52 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,484 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $75.03, for a total transaction of $2,437,274.52. Following the transaction, the chief technology officer now owns 89,343 shares of the company’s stock, valued at $6,703,405.29. This represents a 26.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Arvind Nithrakashyap also recently made the following trade(s):

• On Wednesday, May 7th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $75.20, for a total value of $2,442,796.80.
• On Wednesday, April 9th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $56.61, for a total value of $1,838,919.24.
• On Monday, April 7th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $52.04, for a total value of $1,690,467.36.
• On Wednesday, March 5th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $61.59, for a total transaction of $2,000,689.56.
• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.77, for a total transaction of $2,071,568.45.

Rubrik Stock Performance

RBRK stock opened at $76.87 on Friday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The firm has a market cap of $14.59 billion and a PE ratio of -5.58. The firm’s 50 day moving average price is $64.44 and its 200-day moving average price is $62.49.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. The firm’s revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.59) earnings per share. Equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Rubrik by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company’s stock worth $423,512,000 after purchasing an additional 616,917 shares during the period. Norges Bank acquired a new position in Rubrik during the fourth quarter worth $277,395,000. FMR LLC boosted its position in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after buying an additional 2,065,444 shares during the period. First Trust Advisors LP grew its stake in shares of Rubrik by 26.6% in the fourth quarter. First Trust Advisors LP now owns 3,156,035 shares of the company’s stock valued at $206,278,000 after buying an additional 662,914 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Rubrik by 27.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company’s stock valued at $129,359,000 after buying an additional 427,149 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RBRK shares. Wells Fargo & Company increased their target price on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Wednesday, March 12th. KeyCorp reduced their target price on Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Citigroup lifted their target price on shares of Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, BMO Capital Markets upped their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $68.83.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.