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

Key Points

• Rubrik CTO Arvind Nithrakashyap sold 12,820 shares at an average price of $122.64, generating approximately $1.57 million. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 4.49% to 272,538 shares.
• Rubrik shares closed at $123.76 after falling 1.6%, near the company’s 12-month high of $127.90. The company reported quarterly revenue of $427.26 million, up 43.9% year over year, and beat analysts’ EPS estimates.
• Wall Street remains broadly positive, with 28 analysts rating the stock a Buy and one rating it a Sell. Rubrik has a “Moderate Buy” consensus rating and an average price target of $114.42, while institutional investors own 49.54% of outstanding shares.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $122.64, for a total value of $1,572,244.80. Following the completion of the sale, the chief technology officer directly owned 272,538 shares in the company, valued at approximately $33,424,060.32. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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, 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 value of $1,591,474.80.
• On Thursday, September 10th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was 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.
• 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 shares were sold at an average price of $74.04, for a total transaction of $949,192.80.

Rubrik Stock Down 1.6%

Rubrik stock traded down $2.04 during trading hours on Wednesday, hitting $123.76. The stock had a trading volume of 2,356,621 shares, compared to its average volume of 3,696,619. The stock's 50-day moving average price is $98.68 and its 200-day moving average price is $77.14. The stock has a market capitalization of $25.66 billion, a P/E ratio of -98.22 and a beta of 1.12. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $127.90.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analysts' expectations of $396.30 million. The company's quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) EPS. 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, research analysts expect that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on RBRK shares. Scotiabank reissued an "outperform" rating on shares of Rubrik in a report on Tuesday, August 25th. Oppenheimer set a $120.00 price objective on Rubrik in a research report on Thursday, August 20th. BMO Capital Markets lifted their price objective on Rubrik from $98.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. BTIG Research boosted their target price on Rubrik from $109.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Finally, Robert W. Baird upped their target price on shares of Rubrik from $130.00 to $139.00 and gave the company an "outperform" rating in a research note on Wednesday, September 23rd. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and a consensus price target of $114.42.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA grew its holdings in shares of Rubrik by 104.1% in the first 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 period. Clearbridge Investments LLC increased its position in Rubrik by 7.6% during the fourth quarter. Clearbridge Investments LLC now owns 1,363,888 shares of the company's stock valued at $104,310,000 after acquiring an additional 96,360 shares during the last quarter. Congress Asset Management Co. lifted its holdings in Rubrik by 32.6% in the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company's stock valued at $81,909,000 after acquiring an additional 175,866 shares during the period. Atreides Management LP lifted its holdings in Rubrik by 18.9% in the fourth quarter. Atreides Management LP now owns 895,029 shares of the company's stock valued at $68,452,000 after acquiring an additional 142,277 shares during the period. Finally, Wellington Management Group LLP boosted its position in Rubrik by 48.8% in the second quarter. Wellington Management Group LLP now owns 731,736 shares of the company's stock worth $58,744,000 after purchasing an additional 240,062 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Company Profile

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

The company's primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.

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