Rubrik director John Thompson sells $1.2 million in Class A shares By Investing.com

John Thompson, a director and 10% owner of Rubrik, Inc. (), sold a total of 13,500 shares of the company’s Class A common stock on September 1, 2026. The transactions amounted to approximately $1,201,946. The sale comes as RBRK trades at $92.14, near the high end of Thompson’s selling range. The stock has surged 68% over the past six months, though InvestingPro analysis suggests the shares may be overvalued at current levels relative to its Fair Value estimate.

The shares were sold at prices ranging from $88.34 to $92.37 per share. These sales were conducted under a Rule 10b5-1 trading plan, which was adopted on October 6, 2025. Of the total, 2,500 shares were sold indirectly through the John and Sandra Thompson Trust, for which Mr. Thompson serves as a co-trustee and shares voting and dispositive power with his spouse. The remaining 11,000 shares were sold directly by Mr. Thompson.

On the same day, Mr. Thompson also exercised options to acquire 11,000 shares of Class B common stock at an exercise price of $4.38 per share. Concurrently, these 11,000 Class B common shares were converted into Class A common stock. Each Class B common share is convertible into one Class A common share at the option of the holder or upon certain other conditions as described in the company’s amended and restated certificate of incorporation.

Following these transactions, Mr. Thompson beneficially owns 8,362 shares of Class A common stock directly and 7,500 shares indirectly through the John and Sandra Thompson Trust. He also holds 66,946 stock options directly and 815,338 shares of Class B common stock indirectly through the trust.For deeper insights into Rubrik’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for RBRK and 1,400+ other US equities on InvestingPro.

In other recent news, Rubrik Inc. reported strong second-quarter fiscal 2027 results, surpassing FactSet consensus estimates in several key areas, including revenue, subscription annual recurring revenue (ARR), operating income, and free cash flow. The company achieved $96 million in net new subscription ARR, exceeding the expected $76 million, and driving a 33% growth in subscription ARR. Following these results, several analyst firms have adjusted their price targets for Rubrik. KeyBanc raised its price target to $120, citing the company’s $20 million ARR beat and an increase in full-year ARR guidance. Similarly, Cantor Fitzgerald reiterated its Overweight rating and $120 price target, while Scotiabank also adjusted its target to $120, highlighting the company’s robust quarter and positive management commentary. Piper Sandler increased its price target to $114, noting Rubrik’s strong market approach and growth in the data-security platform space. Additionally, BMO Capital raised its price target to $115, reflecting higher estimates for ARR and free cash flow in the coming fiscal years. These developments reflect a positive outlook among analysts for Rubrik’s continued growth.

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