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 Wednesday, July 8th. The stock was sold at an average price of $84.58, for a total value of $1,084,315.60. Following the sale, the chief technology officer owned 303,611 shares in the company, valued at $25,679,418.38. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Monday, July 6th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $87.78, for a total value of $1,125,339.60.
• 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 stock was sold at an average price of $84.28, for a total value of $16,809,393.16.

Rubrik Price Performance

Shares of NYSE RBRK opened at $88.65 on Friday. The firm has a market capitalization of $18.25 billion, a PE 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. The business’s fifty day moving average price is $70.92 and its two-hundred day moving average price is $62.64.

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

Wall Street Analyst Weigh In

Several research analysts have commented on RBRK shares. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Rubrik in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. KeyCorp lifted their price target on Rubrik from $70.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Mizuho boosted their price objective on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Finally, Piper Sandler reissued an “overweight” rating and issued a $91.00 price objective (up from $84.00) on shares of Rubrik in a report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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

Hedge Funds Weigh In On Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gradient Investments LLC lifted its stake in shares of Rubrik by 34.4% in the 2nd quarter. Gradient Investments LLC now owns 25,652 shares of the company’s stock worth $2,059,000 after acquiring an additional 6,567 shares during the period. FNY Investment Advisers LLC increased its stake in shares of Rubrik by 112.7% during the second quarter. FNY Investment Advisers LLC now owns 9,677 shares of the company’s stock valued at $776,000 after acquiring an additional 5,127 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Rubrik by 11.1% during the second quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after acquiring an additional 28,056 shares during the period. Balefire LLC bought a new stake in Rubrik during the second quarter worth approximately $344,000. Finally, GAMMA Investing LLC raised its holdings in Rubrik by 46.9% during the second quarter. GAMMA Investing LLC now owns 1,852 shares of the company’s stock worth $149,000 after purchasing an additional 591 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

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).