Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $84.58, for a total transaction of $1,084,315.60. Following the transaction, the chief technology officer owned 303,611 shares in the company, valued at approximately $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 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, 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 shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16.
Rubrik Stock Down 3.3%
Rubrik stock opened at $84.19 on Thursday. The firm has a fifty day moving average of $70.24 and a 200-day moving average of $62.57. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75. The firm has a market capitalization of $17.33 billion, a P/E ratio of -58.07 and a beta of 1.10.
Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same quarter last year, the business posted ($0.15) EPS. Rubrik's quarterly revenue was up 39.0% compared to the same quarter last year. 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 expect that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
RBRK has been the subject of several research analyst reports. UBS Group reissued a "buy" rating on shares of Rubrik in a research report on Monday, June 1st. KeyCorp increased their price objective on shares of Rubrik from $70.00 to $88.00 and gave the stock an "overweight" rating in a research note on Friday, June 5th. Piper Sandler restated an "overweight" rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Mizuho increased their target price on Rubrik from $80.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, June 5th. Finally, Oppenheimer raised their target price on Rubrik from $85.00 to $90.00 and gave the company an "outperform" rating in a research 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 MarketBeat, Rubrik has an average rating of "Moderate Buy" and an average price target of $93.00.
Get Our Latest Stock Analysis on Rubrik
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock valued at $125,000 after purchasing an additional 150 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of 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 period. CI Investments Inc. boosted its position in shares of 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 period. Creative Planning raised its position in Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company's stock valued at $418,000 after buying an additional 236 shares during the period. Finally, Moors & Cabot Inc. grew its stake in Rubrik by 9.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company's stock valued at $255,000 after acquiring an additional 282 shares in the last quarter. Institutional investors own 49.54% of the company's stock.
About Rubrik
(
Get Free Report)
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).
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
