Rubrik, Inc. (NYSE:RBRK – Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $74.04, for a total transaction of $949,192.80. Following the transaction, the chief technology officer owned 293,293 shares in the company, valued at $21,715,413.72. This represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 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 value of $1,084,315.60.
- 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 shares were sold at an average price of $82.16, for a total value of $1,053,291.20.
- On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16.
Rubrik Stock Up 0.0%
Shares of Rubrik stock opened at $84.81 on Friday. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of -58.49 and a beta of 1.17. The business has a fifty day simple moving average of $77.01 and a 200-day simple moving average of $63.09. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in RBRK. Norges Bank purchased a new stake in shares of Rubrik in the 4th quarter valued at approximately $345,907,000. First Trust Advisors LP boosted its stake in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA grew its position in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Vanguard Group Inc. grew its position in Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Rubrik during the 3rd quarter valued at $97,828,000. 49.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on RBRK. Wolfe Research reissued an “outperform” rating and set a $95.00 target price on shares of Rubrik in a research note on Friday, June 5th. Loop Capital initiated coverage on shares of Rubrik in a research report on Monday. They issued a “buy” rating and a $100.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and issued a $90.00 price target (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Oppenheimer increased their price objective on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Finally, KeyCorp raised their price objective on Rubrik from $88.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.20.
Get Our Latest Research Report on RBRK
Rubrik Company Profile
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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