Insider Selling: Rubrik, Inc. (NYSE:RBRK) CTO Sells 32,484 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,484 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $52.04, for a total value of $1,690,467.36. Following the transaction, the chief technology officer now directly owns 186,795 shares of the company’s stock, valued at $9,720,811.80. This represents a 14.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, April 9th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $56.61, for a total value of $1,838,919.24.
• On Wednesday, March 5th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $61.59, for a total value of $2,000,689.56.
• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.77, for a total value of $2,071,568.45.
• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $74.85, for a total value of $2,431,502.25.
• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $70.85, for a total value of $2,301,562.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The stock was sold at an average price of $64.89, for a total value of $14,768,704.44.

Rubrik Price Performance

Shares of Rubrik stock opened at $61.78 on Thursday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The firm has a fifty day moving average price of $66.26 and a 200 day moving average price of $57.79. The stock has a market cap of $11.72 billion and a PE ratio of -4.48.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. Rubrik’s revenue was up 47.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.59) EPS. As a group, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RBRK. Guggenheim boosted their target price on Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Citigroup boosted their target price on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Wedbush boosted their target price on Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. BMO Capital Markets boosted their target price on Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Rubrik in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $69.17.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Green Alpha Advisors LLC boosted its stake in Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company’s stock worth $495,000 after purchasing an additional 2,824 shares during the period. Rhumbline Advisers boosted its stake in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares during the period. California State Teachers Retirement System boosted its stake in Rubrik by 22.1% during the 4th quarter. California State Teachers Retirement System now owns 56,279 shares of the company’s stock worth $3,678,000 after purchasing an additional 10,191 shares during the period. Centaurus Financial Inc. acquired a new stake in Rubrik during the 4th quarter worth $115,000. Finally, PharVision Advisers LLC acquired a new stake in Rubrik during the 4th quarter worth $202,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.