Key Points
- Rubrik CTO Arvind Nithrakashyap sold 12,820 shares at an average price of $90.41, generating $1.16 million. The Rule 10b5-1 transaction reduced his stake by 4.19%, though he still owns 293,293 shares.
- Rubrik reported quarterly earnings of $0.20 per share, beating estimates of $0.04, while revenue rose 43.9% year over year to $427.26 million.
- Wall Street remains broadly bullish: 28 analysts rate the stock a Buy and one rates it a Sell, resulting in a “Moderate Buy” consensus and an average price target of $112.15.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the sale, the chief technology officer owned 293,293 shares of the company's stock, valued at approximately $26,516,620.13. This represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $91.33, for a total transaction of $1,170,850.60.
- On Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20.
- On Monday, August 3rd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $74.04, for a total transaction of $949,192.80.
- 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 value of $1,084,315.60.
- On Monday, July 6th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $87.78, for a total value of $1,125,339.60.
Rubrik Stock Up 0.4%
Shares of RBRK stock opened at $89.20 on Friday. The stock's 50-day moving average price is $87.62 and its 200 day moving average price is $69.86. The stock has a market capitalization of $18.36 billion, a PE ratio of -70.80 and a beta of 1.24. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $107.91.
Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The firm's revenue was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Analysts expect that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on RBRK shares. Wedbush reaffirmed an "outperform" rating and set a $90.00 price target on shares of Rubrik in a report on Thursday, June 11th. Citigroup boosted their price objective on shares of Rubrik from $96.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Barclays raised their target price on shares of Rubrik from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. The Goldman Sachs Group reiterated a "buy" rating on shares of Rubrik in a research note on Wednesday, August 19th. Finally, UBS Group reissued a "buy" rating and set a $106.00 price target on shares of Rubrik in a report on Wednesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $112.15.
View Our Latest Research Report on Rubrik
Institutional Investors Weigh In On Rubrik
Hedge funds and other institutional investors have recently bought and sold shares of the business. Essential Partners LLC boosted its position in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after purchasing an additional 284 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Rubrik in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise acquired a new stake in shares of Rubrik in the third quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rubrik in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 49.54% of the company's stock.
Rubrik Company Profile
(
Get Free Report)
Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.
The company's principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.
Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.
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