Rubrik (NYSE:RBRK) CTO Sells $1,505,196.20 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $117.41, for a total value of $1,505,196.20. Following the sale, the chief technology officer directly owned 272,538 shares of the company’s stock, valued at $31,998,686.58. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, November 4th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $118.08, for a total value of $1,513,785.60.
• On Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $124.14, for a total value of $1,591,474.80.
• On Monday, October 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $122.64, for a total value of $1,572,244.80.
• 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 value of $1,159,056.20.
• On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $91.33, for a total value of $1,170,850.60.

Rubrik Price Performance

Shares of NYSE RBRK traded up $2.38 during mid-day trading on Wednesday, reaching $118.89. 2,433,173 shares of the company’s stock were exchanged, compared to its average volume of 3,640,306. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of -94.35 and a beta of 1.08. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $139.92. The firm has a 50-day moving average price of $111.15 and a two-hundred day moving average price of $77.23.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, sell-side analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the topic of a number of research analyst reports. Morgan Stanley assumed coverage on shares of Rubrik in a research note on Thursday, October 29th. They issued an “overweight” rating and a $155.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research note on Monday, September 21st. Barclays lifted their price target on shares of Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Piper Sandler upped their price objective on Rubrik from $91.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Finally, Mizuho increased their price objective on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Thirty research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.04.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fulcrum Asset Management LLP bought a new position in Rubrik during the third quarter worth about $2,044,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Rubrik in the third quarter valued at approximately $43,480,000. Brighton Jones LLC raised its position in shares of Rubrik by 2.2% in the third quarter. Brighton Jones LLC now owns 29,152 shares of the company’s stock valued at $3,337,000 after purchasing an additional 639 shares during the period. Ethic Inc. bought a new stake in shares of Rubrik in the third quarter valued at approximately $378,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of Rubrik during the 3rd quarter valued at approximately $1,374,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.