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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was 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 owned 293,293 shares in the company, valued at $21,715,413.72. The trade was a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, 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 Wednesday, July 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was 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 stock was 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 shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16.

Rubrik Trading Up 4.6%

Shares of Rubrik stock opened at $84.70 on Thursday. The company has a 50 day moving average of $76.72 and a 200-day moving average of $62.97. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The company has a market cap of $17.43 billion, a PE ratio of -58.41 and a beta of 1.17.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period last year, the business earned ($0.15) earnings per share. The business’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Research analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Rubrik during the fourth quarter worth $345,907,000. First Trust Advisors LP boosted its holdings in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. 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 acquiring an additional 1,696,342 shares during 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 acquiring an additional 1,678,255 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in Rubrik during the 3rd quarter worth $97,828,000. Institutional investors own 49.54% of the company’s stock.

Key Headlines Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: New AI security product: Rubrik unveiled “Agent Identity,” a capability designed to authenticate and govern AI agents’ actions in real time. The product addresses emerging risks associated with autonomous and agentic AI systems and could strengthen Rubrik’s positioning in the growing data-security market. Rubrik Unveils Agent Identity to Secure Agentic Actions in Real-Time
• Positive Sentiment: Fresh bullish analyst coverage: Loop Capital initiated coverage of Rubrik with a Buy rating, adding to an already favorable Wall Street view. The company’s consensus rating is Moderate Buy, with an average analyst price target of $94.20, suggesting potential upside from recent trading levels. Rubrik in Spotlight as Loop Capital Starts with Buy Rating
• Neutral Sentiment: Industry tailwind: The Cloud Security Alliance launched an AI Resilience Center of Excellence, highlighting increasing industry attention on AI security, resilience and governance. The initiative is not specific to Rubrik but supports the broader market opportunity targeted by its security platform. Cloud Security Alliance Launches AI Resilience Center of Excellence
• Negative Sentiment: Insider selling: CTO Arvind Nithrakashyap sold 25,640 shares for roughly $2.02 million across August 3 and August 5, while directors Yvonne Wassenaar and John Wendell Thompson sold 721 and 13,500 shares, respectively. The sales reduce insider ownership and may weigh on sentiment, but the pre-arranged trading plans make them less indicative of a negative view of Rubrik’s outlook.

Analyst Upgrades and Downgrades

RBRK has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Scotiabank restated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Citigroup raised their price objective on Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average target price of $94.20.

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).