Insider Selling: Rubrik (NYSE:RBRK) CTO Sells 12,820 Shares of Stock

Key Points

• Rubrik CTO Arvind Nithrakashyap sold 12,820 shares for about $1.51 million at an average price of $117.41. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 272,538 shares afterward.
• Rubrik reported quarterly EPS of $0.20, beating the $0.04 consensus, while revenue rose 43.9% year over year to $427.26 million.
• Analyst sentiment was broadly positive: 30 analysts rated the stock Buy and one Sell, with a consensus target price of $118.04.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $117.41, for a total value of $1,505,196.20. Following the completion of the transaction, the chief technology officer owned 272,538 shares in the company, valued at approximately $31,998,686.58. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $118.08, for a total transaction of $1,513,785.60.
• 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 Monday, October 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $122.64, for a total transaction 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 transaction 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 transaction 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 traded hands, compared to its average volume of 3,640,306. The stock has a market cap of $24.64 billion, a P/E ratio of -94.35 and a beta of 1.08. The business has a 50-day simple moving average of $111.15 and a 200 day simple moving average of $77.23. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $139.92.

Rubrik (NYSE:RBRK - Get Free Report) last posted 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 business had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. The company's revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Equities research analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of analyst reports. Morgan Stanley assumed coverage on Rubrik in a research note on Thursday, October 29th. They set an "overweight" rating and a $155.00 price target for the company. Wells Fargo & Company increased their price objective on Rubrik from $90.00 to $120.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 25th. Weiss Ratings restated a "sell (d-)" rating on shares of Rubrik in a report on Monday, September 21st. Stephens reaffirmed an "overweight" rating on shares of Rubrik in a research report on Friday, August 28th. Finally, Barclays lifted their target price on Rubrik from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. Thirty analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and a consensus target price of $118.04.

Institutional Trading of Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fulcrum Asset Management LLP purchased a new position in Rubrik during the third quarter worth about $2,044,000. Allspring Global Investments Holdings LLC bought a new stake in Rubrik in the 3rd quarter worth about $43,480,000. Brighton Jones LLC grew its position in Rubrik by 2.2% in the 3rd quarter. Brighton Jones LLC now owns 29,152 shares of the company's stock worth $3,337,000 after purchasing an additional 639 shares in the last quarter. Ethic Inc. bought a new stake in Rubrik in the 3rd quarter worth about $378,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Rubrik in the 3rd quarter valued at about $1,374,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

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.

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