Arvind Nithrakashyap Sells 31,450 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 31,450 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $76.19, for a total value of $2,396,175.50. Following the sale, the chief technology officer directly owned 342,703 shares in the company, valued at approximately $26,110,541.57. This represents a 8.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Rubrik Stock Performance

NYSE RBRK opened at $78.15 on Friday. The business has a 50 day simple moving average of $75.36 and a 200 day simple moving average of $82.89. Rubrik, Inc. has a 52-week low of $47.35 and a 52-week high of $103.00. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of -40.08 and a beta of 0.32.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) EPS. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Investors Weigh In On Rubrik

Several large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after acquiring an additional 150 shares in the last quarter. CI Investments Inc. increased its stake in shares of Rubrik by 31.7% during the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after purchasing an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Rubrik by 24.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock valued at $94,000 after purchasing an additional 224 shares during the period. Creative Planning lifted its stake in Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Rubrik by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $118.00 price target (up previously from $115.00) on shares of Rubrik in a research note on Friday, December 5th. Rosenblatt Securities boosted their target price on Rubrik from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Guggenheim set a $110.00 price target on Rubrik in a research report on Friday, December 5th. CIBC lifted their price objective on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a report on Thursday, September 11th. Finally, Barclays boosted their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.94.

About Rubrik

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).