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

Key Points

• Rubrik CTO Arvind Nithrakashyap sold 12,820 shares at an average price of $90.41, worth approximately $1.16 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 293,293 shares.
• Rubrik reported quarterly EPS of $0.20 versus the $0.04 consensus estimate, while revenue rose 43.9% year over year to $427.26 million. The stock was trading near $89.20, with a market capitalization of about $18.36 billion.
• Wall Street remains broadly bullish, with 28 analysts rating the stock a Buy and one issuing a Sell rating. The consensus price target is $112.15, above recent trading levels.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20. Following the completion of the transaction, the chief technology officer directly owned 293,293 shares of the company's stock, valued at $26,516,620.13. This represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 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.
• On Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were 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 transaction of $949,192.80.
• 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 stock was sold at an average price of $87.78, for a total value of $1,125,339.60.

Rubrik Trading Up 0.4%

Rubrik stock traded up $0.38 during midday trading on Thursday, hitting $89.20. The stock had a trading volume of 2,898,441 shares, compared to its average volume of 3,532,979. The business has a fifty day moving average price of $87.62 and a 200 day moving average price of $69.86. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $107.91. The stock has a market cap of $18.36 billion, a P/E ratio of -70.80 and a beta of 1.24.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Rubrik's revenue was up 43.9% compared to the same quarter last year. 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, equities analysts anticipate that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $120.00 price target on shares of Rubrik in a research report on Friday, August 28th. Loop Capital assumed coverage on shares of Rubrik in a report on Monday, August 3rd. They issued a "buy" rating and a $100.00 price objective on the stock. Piper Sandler upped their target price on shares of Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a research report on Friday, August 28th. KeyCorp raised their price target on Rubrik from $112.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, August 28th. Finally, BMO Capital Markets increased their target price on shares of Rubrik from $98.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, August 28th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and a consensus target price of $112.15.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA grew its holdings in shares of Rubrik by 104.1% in 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. Norges Bank purchased a new stake in shares of Rubrik during the fourth quarter valued at $345,907,000. Legal & General Group Plc boosted its position in shares of Rubrik by 8.6% in the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company's stock valued at $145,680,000 after purchasing an additional 151,234 shares during the period. Assenagon Asset Management S.A. increased its stake in Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company's stock worth $22,514,000 after purchasing an additional 28,056 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in Rubrik by 47.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company's stock worth $45,571,000 after purchasing an additional 191,738 shares in the last quarter. Institutional investors own 49.54% of the company's stock.

About Rubrik

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

The company's principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.

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