Insider Selling: Rubrik, Inc. (NYSE:RBRK) CTO 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 that occurred on Monday, May 5th. The shares were sold at an average price of $75.03, for a total value of $2,437,274.52. Following the completion of the sale, the chief technology officer now directly owns 89,343 shares of the company’s stock, valued at $6,703,405.29. This trade represents a 26.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, May 7th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $75.20, for a total value of $2,442,796.80.
• On Wednesday, April 9th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $56.61, for a total transaction of $1,838,919.24.
• On Monday, April 7th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $52.04, for a total transaction of $1,690,467.36.
• 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 transaction of $2,000,689.56.
• On Monday, March 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $63.77, for a total value of $2,071,568.45.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $76.63 on Friday. The stock has a fifty day moving average of $64.13 and a 200-day moving average of $62.23. The stock has a market cap of $14.54 billion and a PE ratio of -5.56. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share 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 analyst estimates of $233.13 million. During the same period in the previous year, the firm earned ($1.59) earnings per share. The firm’s quarterly revenue was up 47.5% on a year-over-year basis. On average, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RBRK. Renaissance Capital LLC lifted its position in Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock valued at $4,757,000 after purchasing an additional 12,714 shares during the last quarter. FMR LLC lifted its holdings in shares of Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after acquiring an additional 2,065,444 shares during the last quarter. US Bancorp DE grew its position in Rubrik by 1,329.9% in the fourth quarter. US Bancorp DE now owns 19,547 shares of the company’s stock worth $1,278,000 after acquiring an additional 18,180 shares in the last quarter. Raymond James Financial Inc. bought a new position in Rubrik in the fourth quarter valued at $11,462,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Rubrik by 434.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 335,238 shares of the company’s stock valued at $21,911,000 after purchasing an additional 272,482 shares in the last quarter. 49.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RBRK shares. William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They issued a “market perform” rating on the stock. KeyCorp cut their price objective on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 target price on shares of Rubrik in a report on Friday, March 14th. Citigroup boosted their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Wedbush increased their price objective on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $68.83.

Rubrik Company Profile

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.