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

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $87.78, for a total transaction of $1,125,339.60. Following the completion of the sale, the chief technology officer owned 303,611 shares in the company, valued at $26,650,973.58. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, July 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $84.58, for a total transaction of $1,084,315.60.
• On Tuesday, June 2nd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $82.16, for a total value of $1,053,291.20.
• On Monday, June 1st, Arvind Nithrakashyap sold 199,447 shares of Rubrik stock. The shares were sold at an average price of $84.28, for a total value of $16,809,393.16.

Rubrik Stock Performance

RBRK stock opened at $88.65 on Friday. The stock’s 50 day moving average price is $70.92 and its 200 day moving average price is $62.64. The firm has a market cap of $18.25 billion, a P/E ratio of -61.13 and a beta of 1.10. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same period in the previous year, the business posted ($0.15) EPS. The business’s quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, research analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Key Stories Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik announced a more than $500 million investment in the U.K. and designated London as its EMEA headquarters, a move that could support international growth and stronger enterprise demand. Reuters article
• Positive Sentiment: Rubrik Security Cloud launched on the AWS European Sovereign Cloud, potentially improving adoption among customers with strict data residency and compliance requirements. Business Wire article
• Positive Sentiment: Several recent analyst updates have been constructive, including buy/overweight ratings and higher price targets, reinforcing the bullish outlook for Rubrik’s growth trajectory. William O’Neil rating article
• Neutral Sentiment: CTO Arvind Nithrakashyap sold 12,820 shares under a pre-arranged 10b5-1 plan; the sale may not indicate a change in fundamentals, but insider selling can still weigh on sentiment. Insider sale article

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA lifted its stake in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Norges Bank acquired a new stake in Rubrik during the 4th quarter worth approximately $345,907,000. Legal & General Group Plc lifted its position in Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after buying an additional 151,234 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Rubrik by 47.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after buying an additional 191,738 shares in the last quarter. Finally, Washington University acquired a new position in Rubrik during the fourth quarter valued at approximately $3,861,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RBRK. DA Davidson reissued a “buy” rating and issued a $90.00 target price (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Rosenblatt Securities reiterated a “buy” rating and set a $90.00 price target on shares of Rubrik in a report on Monday, June 1st. Wedbush reiterated an “outperform” rating and set a $90.00 price target on shares of Rubrik in a report on Thursday, June 11th. Wells Fargo & Company cut their price objective on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Rubrik Company Profile

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).