Insider Selling: Rubrik (NYSE:RBRK) CTO Sells 40,170 Shares of Stock

Key Points

• Rubrik's CTO Arvind Nithrakashyap sold 40,170 shares for approximately $2.98 million, resulting in a 10.75% decrease in his ownership, leaving him with 333,528 shares valued at around $24.75 million.
• The company reported a quarterly earnings beat, posting ($0.03) earnings per share, significantly surpassing analysts' expectations of ($0.34), and revenue of $309.86 million, up 44.9% year-over-year.
• Analysts have shown positive sentiment towards Rubrik, upgrading price targets, with Roth Capital raising its target from $97.00 to $107.00 and maintaining a "buy" rating.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 40,170 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the sale, the chief technology officer owned 333,528 shares of the company's stock, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Rubrik Stock Up 3.0%

Shares of RBRK traded up $2.37 during midday trading on Friday, reaching $80.39. 10,098,419 shares of the stock were exchanged, compared to its average volume of 5,148,202. The company has a market cap of $15.87 billion, a price-to-earnings ratio of -34.35 and a beta of 0.44. Rubrik, Inc. has a 12-month low of $30.35 and a 12-month high of $103.00. The firm has a 50 day simple moving average of $86.46 and a 200-day simple moving average of $80.20.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. The company's quarterly revenue was up 44.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of Rubrik by 14.0% in the fourth quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock worth $1,909,000 after purchasing an additional 3,593 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Rubrik in the 4th quarter valued at about $258,000. Gotham Asset Management LLC bought a new stake in shares of Rubrik during the 4th quarter worth approximately $328,000. Lazard Asset Management LLC grew its position in shares of Rubrik by 6,985.9% in the 4th quarter. Lazard Asset Management LLC now owns 5,031 shares of the company's stock valued at $327,000 after acquiring an additional 4,960 shares during the period. Finally, ProShare Advisors LLC acquired a new position in Rubrik during the fourth quarter worth approximately $398,000. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. KeyCorp raised their target price on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Wells Fargo & Company boosted their target price on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Guggenheim lifted their price target on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Sixteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $104.38.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.