Rubrik CTO Arvind Nithrakashyap sells $3.49m in shares By Investing.com

Arvind Nithrakashyap, Chief Technology Officer and a Director at Rubrik, Inc. (), sold Class A Common Stock totaling approximately $3.49 million through a series of transactions over three days in September 2026. The sales, which involved a total of 38,400 shares, took place from September 8 to September 10, 2026. The shares were sold at prices ranging from $87.55 to $92.87 per share, close to the current trading price of $88.91. The timing follows a strong 55% surge in the stock over the past six months. These transactions were executed under a Rule 10b5-1 trading plan, which Mr. Nithrakashyap adopted on October 15, 2025. InvestingPro subscribers have access to 10 additional exclusive tips about RBRK, plus comprehensive Pro Research Reports covering 1,400+ top US stocks.

During the same period, Mr. Nithrakashyap also converted 38,460 shares of Class B Common Stock into Class A Common Stock. These conversions occurred on September 8, 9, and 10, 2026, with 12,820 shares converted on each day at a price of $0. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the reporting person or upon sale or transfer, and has no expiration date.

Following these reported transactions, Mr. Nithrakashyap directly holds 293,293 shares of Class A Common Stock. He also directly holds 10,028,250 shares of Class B Common Stock and indirectly holds 200,000 shares of Class B Common Stock through the Nithrakashyap/Chatterjee Revocable Trust, where he serves as trustee and shares voting and dispositive power with his spouse.

In other recent news, Rubrik Inc has been the focus of multiple analyst updates following its impressive second-quarter fiscal 2027 results. Cantor Fitzgerald reiterated its Overweight rating and maintained a $120.00 price target, highlighting Rubrik’s performance that exceeded FactSet consensus estimates on revenue, subscription annual recurring revenue (ARR), operating income, and free cash flow. The company reported $96 million in net new subscription ARR, surpassing the consensus of $76 million and achieving a 33% growth in subscription ARR. KeyBanc also raised its price target to $120, citing a $20 million ARR beat and a $25 million increase in full-year ARR guidance.

Piper Sandler increased its price target to $114, noting Rubrik’s advantage from the shift towards Gen-Z players and a strong market approach. BMO Capital raised its price target to $115, reflecting higher estimates for annual recurring revenue and free cash flow for fiscal 2027 and 2028. Wedbush initiated coverage on Rubrik with an Outperform rating and a $120.00 price target, adding the stock to its Best Ideas List. These developments underscore the positive sentiment among analysts regarding Rubrik’s growth trajectory.

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