Rubrik (NYSE:RBRK) CTO Sells $16,809,393.16 in Stock

Key Points

• Rubrik CTO Arvind Nithrakashyap sold 199,447 shares on June 1 for about $16.8 million at an average price of $84.28, cutting his direct stake by 38.84%. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Nithrakashyap also sold another 12,820 shares on June 2 for about $1.05 million, adding to the recent insider-selling activity in Rubrik. The article notes that other directors have also disclosed share sales.
• Rubrik shares fell to $79.55 in Wednesday trading, while analysts maintain a generally positive view with a Moderate Buy consensus and an average price target of about $85.12. The company recently beat earnings and revenue expectations, with quarterly revenue up 46.3% year over year.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 199,447 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the sale, the chief technology officer directly owned 314,048 shares of the company's stock, valued at $26,467,965.44. The trade was a 38.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $82.16, for a total transaction of $1,053,291.20.

Rubrik Price Performance

Shares of NYSE RBRK traded down $2.78 during midday trading on Wednesday, reaching $79.55. 5,308,669 shares of the company traded hands, compared to its average volume of 3,515,063. The stock has a 50-day moving average price of $57.70 and a 200 day moving average price of $62.50. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $103.00. The company has a market cap of $16.09 billion, a price-to-earnings ratio of -44.94 and a beta of 1.10.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to analysts' expectations of $342.43 million. During the same period in the prior year, the business posted ($0.18) EPS. The company's revenue for the quarter was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, analysts expect that Rubrik, Inc. will post -1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wolfe Research assumed coverage on Rubrik in a research report on Friday, May 1st. They set an "outperform" rating and a $70.00 price objective on the stock. Piper Sandler restated an "overweight" rating and set a $84.00 target price (down from $99.00) on shares of Rubrik in a report on Friday, March 13th. Citigroup decreased their price target on Rubrik from $115.00 to $88.00 and set a "buy" rating for the company in a research note on Monday, March 16th. Oppenheimer upgraded Rubrik from a "market perform" rating to an "outperform" rating and set a $85.00 price target for the company in a research note on Wednesday, May 20th. Finally, UBS Group reissued a "buy" rating on shares of Rubrik in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average target price of $85.12.

Institutional Trading of Rubrik

A number of large investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock worth $125,000 after buying an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock worth $31,000 after buying an additional 200 shares during the last quarter. CI Investments Inc. increased its position in Rubrik by 31.7% in the third quarter. CI Investments Inc. now owns 859 shares of the company's stock worth $71,000 after buying an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Rubrik by 24.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company's stock valued at $94,000 after purchasing an additional 224 shares in the last quarter. Finally, Creative Planning grew its position in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company's stock valued at $418,000 after purchasing an additional 236 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Rubrik

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

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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