Rubrik (NYSE:RBRK) CTO Sells 12,820 Shares

Rubrik, Inc. (NYSE:RBRKGet 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.

Rubrik (NYSE:RBRKGet Free Report) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The company’s revenue was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, sell-side analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

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

(Get Free Report)

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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Insider Buying and Selling by Quarter for Rubrik (NYSE:RBRK)

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