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

Key Points

• Rubrik CTO Arvind Nithrakashyap sold 12,820 shares on June 2 at an average price of $82.16, for total proceeds of about $1.05 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• This follows an even larger insider sale by Nithrakashyap on June 1, when he sold 199,447 shares for about $16.8 million, adding to the recent insider-selling activity in Rubrik.
• Rubrik shares fell 3.4% to $79.55 amid the insider-sale news, even though the company recently reported stronger-than-expected quarterly results and revenue growth of 46.3% year over year.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $82.16, for a total value of $1,053,291.20. Following the sale, the chief technology officer owned 314,048 shares in the company, valued at approximately $25,802,183.68. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16.

Rubrik Stock Down 3.4%

Shares of RBRK stock traded down $2.78 during trading on Wednesday, hitting $79.55. The company had a trading volume of 5,308,669 shares, compared to its average volume of 3,515,063. The stock's 50-day moving average is $57.70 and its two-hundred day moving average is $62.50. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of -44.94 and a beta of 1.10. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. The firm's revenue for the quarter was up 46.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts predict that Rubrik, Inc. will post -1.45 EPS for the current fiscal year.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the company. WCM Investment Management LLC purchased a new stake in Rubrik in the third quarter worth approximately $4,717,000. Norges Bank purchased a new stake in shares of Rubrik during the fourth quarter valued at approximately $345,907,000. ARK Investment Management LLC grew its holdings in shares of Rubrik by 21.1% in the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company's stock worth $26,247,000 after purchasing an additional 55,500 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Rubrik by 8.6% in the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company's stock worth $145,680,000 after buying an additional 151,234 shares during the period. Finally, Citigroup Inc. raised its holdings in Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company's stock valued at $8,557,000 after buying an additional 70,504 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik News Summary

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik gained early access to Anthropic’s Mythos Research Preview, which could bolster its cyber resilience offerings and support the company’s AI/security narrative. Rubrik Gains Access to Anthropic Mythos Research Preview to Advance Cyber Resilience
• Positive Sentiment: Jefferies said Rubrik is likely heading into its first-quarter report with strong demand trends in cyber resilience and identity security, which may help support the stock if results and guidance are solid. Rubrik faces high expectations going into Q1 earnings report
• Neutral Sentiment: Several analysts continue to rate Rubrik favorably, with a consensus “Moderate Buy” and a target price near recent trading levels, suggesting Wall Street still sees upside, but not enough to offset near-term headline risk. A Look At Rubrik (RBRK) Valuation As AI And Cybersecurity Partnerships Draw Market Attention
• Negative Sentiment: CTO Arvind Nithrakashyap sold a large block of shares in multiple transactions, including a sizable June 1 sale, adding to concerns that insiders may be trimming exposure after the stock’s recent run-up. SEC filing for Arvind Nithrakashyap sale
• Negative Sentiment: Director John Wendell Thompson also sold shares, including a much larger June 1 transaction, which can weigh on sentiment when investors are already focused on valuation and upcoming earnings. SEC filing for John Wendell Thompson sale
• Negative Sentiment: Director Yvonne Wassenaar disclosed additional share sales, reinforcing the broader insider-selling theme that may be contributing to today’s weakness. SEC filing for Yvonne Wassenaar sale

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RBRK shares. Scotiabank set a $70.00 price objective on shares of Rubrik and gave the stock a "sector outperform" rating in a research report on Monday, April 20th. Jefferies Financial Group started coverage on shares of Rubrik in a research report on Monday, April 27th. They issued a "buy" rating and a $65.00 price objective on the stock. Robert W. Baird decreased their price objective on shares of Rubrik from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, March 6th. Wells Fargo & Company decreased their price objective on shares of Rubrik from $125.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, March 13th. Finally, DA Davidson set a $70.00 price objective on shares of Rubrik in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $85.12.

About Rubrik

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).

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