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PALO ALTO, CA—Nithrakashyap Arvind (NSE:ARVN), the Chief Technology Officer of Rubrik, Inc. (NASDAQ:RBRK), executed significant stock transactions recently, according to a recent SEC filing. Over the course of three days, Arvind sold a total of 91,745 shares of Rubrik’s Class A Common Stock, amounting to approximately $9.65 million. The transactions come as the company, now valued at $19.06 billion, has seen its stock surge nearly 200% over the past year.
The sales were conducted at prices ranging from $98.28 to $101.29 per share, with the stock currently trading near its 52-week high of $101.80. According to InvestingPro analysis, technical indicators suggest the stock is in overbought territory. These transactions were part of a pre-established trading plan, adopted in September 2024. Following these sales, Arvind no longer holds any shares directly under his name, but maintains indirect ownership through a trust.
The transactions were part of a broader activity that included several conversions of Class B Common Stock into Class A Common Stock, though these conversions did not involve any cash transactions. The sales align with the company’s ongoing strategies as outlined in the trading plan. For deeper insights into insider trading patterns and 11 additional ProTips about Rubrik, visit InvestingPro.
In other recent news, Rubrik Inc. reported its first-quarter 2025 financial results, surpassing analyst expectations. The company achieved an earnings per share (EPS) of -$0.15, significantly better than the forecasted -$0.32. Rubrik’s revenue reached $278.48 million, exceeding the projected $260.4 million. The company also reported a 38% year-over-year increase in subscription annual recurring revenue (ARR), reaching $1.2 billion. Additionally, Rubrik has introduced several innovative products aimed at enhancing its cybersecurity offerings. Analysts have noted the company’s strong growth in subscription revenue, which increased by 54% year-over-year to $266 million. The firm has also demonstrated positive cash generation with a free cash flow of $33 million. Looking ahead, Rubrik projects its full-year 2026 subscription ARR to be between $1.38 billion and $1.39 billion, indicating a growth rate of 26-27%.
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