Insider Selling: Rubrik (NYSE:RBRK) CTO Sells $949,192.80 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $74.04, for a total value of $949,192.80. Following the completion of the transaction, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $21,715,413.72. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction 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 transaction 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 transaction 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 transaction of $16,809,393.16.

Rubrik Stock Up 6.4%

Shares of Rubrik stock opened at $90.02 on Friday. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75. The company has a 50-day simple moving average of $77.24 and a two-hundred day simple moving average of $63.28. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of -62.08 and a beta of 1.17.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RBRK shares. Scotiabank restated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Citigroup upped their target price on Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, June 5th. BTIG Research restated a “buy” rating and issued a $91.00 price target on shares of Rubrik in a research report on Thursday, June 11th. KeyCorp boosted their price target on Rubrik from $88.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.20.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently modified their holdings of the business. Comerica Bank raised its holdings in shares of Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares in the last quarter. Royal Bank of Canada boosted its stake in Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after buying an additional 20,471 shares in the last quarter. NewEdge Advisors LLC grew its position in Rubrik by 31.6% in the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after acquiring an additional 300 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after acquiring an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).