Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap Sells 32,484 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,484 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.04, for a total value of $1,690,467.36. Following the transaction, the chief technology officer now directly owns 186,795 shares in the company, valued at $9,720,811.80. This trade represents a 14.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, April 9th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $56.61, for a total value of $1,838,919.24.
• On Wednesday, March 5th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $61.59, for a total value of $2,000,689.56.
• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.77, for a total value of $2,071,568.45.
• On Wednesday, February 5th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $74.85, for a total value of $2,431,502.25.
• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $70.85, for a total value of $2,301,562.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The stock was sold at an average price of $64.89, for a total value of $14,768,704.44.

Rubrik Stock Performance

Rubrik stock opened at $61.78 on Thursday. The firm has a market cap of $11.72 billion and a P/E ratio of -4.48. The business’s fifty day moving average is $66.26 and its two-hundred day moving average is $57.79. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.59) earnings per share. On average, equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RBRK shares. KeyCorp cut their price objective on Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Wells Fargo & Company lifted their price target on Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. BMO Capital Markets lifted their price target on Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Finally, Wedbush lifted their price target on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $69.17.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently made changes to their positions in RBRK. Charles Schwab Investment Management Inc. raised its position in shares of Rubrik by 134.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company’s stock worth $10,462,000 after acquiring an additional 186,485 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Rubrik during the third quarter worth $265,000. BNP Paribas Financial Markets bought a new stake in shares of Rubrik during the third quarter worth $336,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Rubrik by 24.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after acquiring an additional 49,372 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Rubrik by 407.7% during the third quarter. Stifel Financial Corp now owns 68,566 shares of the company’s stock worth $2,204,000 after acquiring an additional 55,062 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.