Insider Selling: Rubrik (NYSE:RBRK) CTO Sells $1,572,244.80 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $122.64, for a total transaction of $1,572,244.80. Following the completion of the transaction, the chief technology officer directly owned 272,538 shares in the company, valued at approximately $33,424,060.32. The trade was a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $124.14, for a total transaction of $1,591,474.80.
• On Thursday, September 10th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $90.41, for a total transaction of $1,159,056.20.
• On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $91.33, for a total transaction of $1,170,850.60.
• 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 transaction of $1,073,162.20.
• On Monday, August 3rd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $74.04, for a total value of $949,192.80.

Rubrik Trading Down 1.6%

Rubrik stock traded down $2.04 during trading on Wednesday, reaching $123.76. The company had a trading volume of 2,356,621 shares, compared to its average volume of 3,696,619. The firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of -98.22 and a beta of 1.12. The firm’s 50-day simple moving average is $98.68 and its 200 day simple moving average is $77.14. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $127.90.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current year.

Institutional Trading of Rubrik

Institutional investors have recently made changes to their positions in the business. Essential Partners LLC grew its position in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Rubrik during the first quarter valued at $46,000. Markowski Investments bought a new position in shares of Rubrik in the 2nd quarter valued at about $48,000. EverSource Wealth Advisors LLC lifted its stake in shares of Rubrik by 256.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,476 shares of the company’s stock valued at $72,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Rubrik by 54.6% during the second quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock worth $74,000 after buying an additional 327 shares during the period. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Telsey Advisory Group set a $120.00 price objective on Rubrik in a research note on Friday, August 28th. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a report on Tuesday, August 25th. Rosenblatt Securities upped their price target on shares of Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Mizuho upped their price target on shares of Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $120.00 price objective on shares of Rubrik in a research note on Friday, August 28th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $114.42.

About Rubrik

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.