Key Points
- Rubrik CTO Arvind Nithrakashyap sold 12,820 shares at an average price of $122.64, generating $1.57 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 4.49% to 272,538 shares.
- Rubrik reported quarterly revenue of $427.26 million, up 43.9% year over year, and EPS of $0.20, exceeding analysts’ $0.04 consensus estimate.
- Analyst sentiment remains positive: 28 analysts rate the stock Buy versus one Sell, producing a “Moderate Buy” consensus and an average price target of $114.42, while shares recently traded near their 52-week high.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 12,820 shares of the company's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $122.64, for a total value of $1,572,244.80. Following the completion of the sale, the chief technology officer directly owned 272,538 shares of the company's stock, valued at $33,424,060.32. The trade was a 4.49% decrease in their position. 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 Wednesday, October 7th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $124.14, for a total value of $1,591,474.80.
- On Thursday, September 10th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $90.41, for a total value of $1,159,056.20.
- On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $91.33, for a total value of $1,170,850.60.
- 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 value 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 value of $949,192.80.
Rubrik Stock Down 1.6%
Shares of NYSE:RBRK opened at $123.76 on Thursday. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of -98.22 and a beta of 1.12. The company has a 50 day moving average of $99.72 and a two-hundred day moving average of $77.65. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $127.90.
Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The company's revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities analysts anticipate that Rubrik, Inc. will post -1.19 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have commented on RBRK shares. Wells Fargo & Company boosted their price objective on shares of Rubrik from $90.00 to $120.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. DA Davidson raised their target price on Rubrik from $90.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Oppenheimer set a $120.00 target price on Rubrik in a research report on Thursday, August 20th. KeyCorp boosted their price target on Rubrik from $112.00 to $120.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. Finally, BTIG Research increased their price target on Rubrik from $109.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 28th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.42.
Read Our Latest Research Report on RBRK
Institutional Trading of Rubrik
Several institutional investors have recently added to or reduced their stakes in RBRK. Pictet Asset Management Holding SA boosted 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 valued at $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Rubrik by 7.6% in the 4th quarter. Clearbridge Investments LLC now owns 1,363,888 shares of the company's stock worth $104,310,000 after purchasing an additional 96,360 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Rubrik by 1,284.7% in the 1st quarter. SG Americas Securities LLC now owns 1,171,286 shares of the company's stock worth $57,358,000 after purchasing an additional 1,086,697 shares during the last quarter. Atreides Management LP raised its stake in shares of Rubrik by 18.9% in the 4th quarter. Atreides Management LP now owns 895,029 shares of the company's stock valued at $68,452,000 after purchasing an additional 142,277 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Rubrik by 48.8% in the 2nd quarter. Wellington Management Group LLP now owns 731,736 shares of the company's stock valued at $58,744,000 after purchasing an additional 240,062 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.
Rubrik Company Profile
(
Get Free Report)
Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.
The company's primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.
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