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

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 32,484 shares of the 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

Rubrik Stock Performance

Shares of RBRK traded up $0.60 during trading hours on Friday, hitting $58.95. The stock had a trading volume of 2,989,381 shares, compared to its average volume of 2,045,458. The firm has a 50-day moving average price of $65.71 and a 200 day moving average price of $58.34. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The firm has a market capitalization of $11.19 billion and a price-to-earnings ratio of -4.28.

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Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $233.13 million. During the same period in the prior year, the business posted ($1.59) EPS. The business's revenue for the quarter was up 47.5% on a year-over-year basis. As a group, analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Rubrik by 24.8% in 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 valued at $7,998,000 after buying an additional 49,372 shares in the last quarter. Renaissance Capital LLC increased its stake in shares of Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock worth $4,757,000 after purchasing an additional 12,714 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Rubrik during the 3rd quarter worth about $336,000. US Bancorp DE lifted its stake in Rubrik by 1,329.9% in the 4th quarter. US Bancorp DE now owns 19,547 shares of the company's stock valued at $1,278,000 after buying an additional 18,180 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Rubrik in the 4th quarter worth about $11,462,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a research report on Wednesday, March 12th. Robert W. Baird cut their price objective on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Wells Fargo & Company lifted their target price on shares of Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Mizuho upped their price target on shares of Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Finally, Piper Sandler lowered their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $69.17.

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.