Rubrik, Inc. (NYSE:RBRK – Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $84.58, for a total value of $1,084,315.60. Following the transaction, the chief technology officer owned 303,611 shares in the company, valued at $25,679,418.38. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, 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 value of $1,125,339.60.
- On Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was 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 shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16.
Rubrik Price Performance
RBRK traded down $2.85 during trading on Wednesday, reaching $84.19. The company had a trading volume of 2,773,030 shares, compared to its average volume of 3,506,120. The company has a market cap of $17.33 billion, a P/E ratio of -58.07 and a beta of 1.10. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75. The business’s fifty day moving average price is $70.24 and its 200 day moving average price is $62.57.
Analysts Set New Price Targets
RBRK has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Wells Fargo & Company lowered their price target on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Oppenheimer upped their price objective on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Barclays raised their price objective on Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $90.00 target price on shares of Rubrik in a report on Monday, June 1st. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.00.
Get Our Latest Report on Rubrik
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of RBRK. Essential Partners LLC lifted its position in Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the last quarter. Financial Life Planners bought a new stake in shares of Rubrik during the third quarter worth approximately $31,000. Atlantic Union Bankshares Corp grew its position in shares of Rubrik by 100.0% in the fourth 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 last quarter. Triumph Capital Management acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $33,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Rubrik during the third quarter worth approximately $34,000. 49.54% of the stock is owned by institutional investors.
About Rubrik
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).
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