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

August 6, 2026 by InsiderTrades.com

Key Points

Rubrik CTO Arvind Nithrakashyap sold 12,820 shares at an average of $74.04, generating approximately $949,193. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 4.19% to 293,293 shares.
Rubrik reported quarterly revenue of $387.07 million, up 39% year over year, and adjusted earnings of $0.16 per share, exceeding analyst expectations. The company also introduced “Agent Identity,” an AI-security product aimed at governing autonomous AI agents.
Investor sentiment remains broadly positive: 29 analysts rate the stock Buy versus one Sell, with a consensus “Moderate Buy” rating and an average price target of $94.20. Institutional investors own 49.54% of Rubrik’s shares.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $74.04, for a total transaction of $949,192.80. Following the completion of the transaction, the chief technology officer owned 293,293 shares of the company's stock, valued at approximately $21,715,413.72. This trade represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

3 Cybersecurity Stocks Where Insiders Are Making Big Moves

Arvind Nithrakashyap also recently made the following trade(s):

On Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $83.71, for a total transaction of $1,073,162.20.
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 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 transaction of $1,125,339.60.
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.
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 transaction of $16,809,393.16.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $84.70 on Thursday. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The firm has a market cap of $17.43 billion, a PE ratio of -58.41 and a beta of 1.17. The firm's fifty day moving average is $76.72 and its 200-day moving average is $62.97.

Rubrik’s Selloff Could Be Cybersecurity’s Hidden Opportunity

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share 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. The business's revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pictet Asset Management Holding SA raised its stake in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. Norges Bank acquired a new stake in Rubrik in the fourth quarter valued at approximately $345,907,000. Legal & General Group Plc increased its holdings in shares of 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 acquiring an additional 151,234 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Rubrik by 47.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company's stock worth $45,571,000 after purchasing an additional 191,738 shares during the period. Finally, US Bancorp DE raised its position in shares of Rubrik by 79.9% during the fourth quarter. US Bancorp DE now owns 96,273 shares of the company's stock worth $7,363,000 after purchasing an additional 42,755 shares during the period. 49.54% of the stock is owned by institutional investors.

Trending Headlines about Rubrik

Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast

Here are the key news stories impacting Rubrik this week:

Positive Sentiment: New AI security product: Rubrik unveiled “Agent Identity,” a capability designed to authenticate and govern AI agents’ actions in real time. The product addresses emerging risks associated with autonomous and agentic AI systems and could strengthen Rubrik’s positioning in the growing data-security market. Rubrik Unveils Agent Identity to Secure Agentic Actions in Real-Time
Positive Sentiment: Fresh bullish analyst coverage: Loop Capital initiated coverage of Rubrik with a Buy rating, adding to an already favorable Wall Street view. The company’s consensus rating is Moderate Buy, with an average analyst price target of $94.20, suggesting potential upside from recent trading levels. Rubrik in Spotlight as Loop Capital Starts with Buy Rating
Neutral Sentiment: Industry tailwind: The Cloud Security Alliance launched an AI Resilience Center of Excellence, highlighting increasing industry attention on AI security, resilience and governance. The initiative is not specific to Rubrik but supports the broader market opportunity targeted by its security platform. Cloud Security Alliance Launches AI Resilience Center of Excellence
Negative Sentiment: Insider selling: CTO Arvind Nithrakashyap sold 25,640 shares for roughly $2.02 million across August 3 and August 5, while directors Yvonne Wassenaar and John Wendell Thompson sold 721 and 13,500 shares, respectively. The sales reduce insider ownership and may weigh on sentiment, but the pre-arranged trading plans make them less indicative of a negative view of Rubrik’s outlook.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho raised 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rubrik in a report on Wednesday, June 24th. Scotiabank reissued an "outperform" rating on shares of Rubrik in a research report on Friday, June 5th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a report on Friday, June 5th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $94.20.

Get Our Latest Stock Analysis on RBRK

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).