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Director Ravi Mhatre of Rubrik, Inc. (NASDAQ:RBRK), a $16.48 billion market cap company that has delivered an impressive 185.93% return over the past year, sold 16,984 shares of Class A Common Stock on June 30, 2025, for a total of $1,519,558. According to InvestingPro analysis, the company currently appears overvalued against its Fair Value estimate. The shares were sold at a weighted average price of $89.47, in multiple transactions at prices ranging from $89.30 to $89.69.
Following the transaction, Mhatre continues to indirectly own 396,874 shares through Mhatre Investments LP - Fund 2, 75,499 shares through Mhatre Investments LP - Fund 3, and 649 shares by Trust. Mhatre also directly owns 81,842 shares.
In other recent news, Rubrik Inc. has reported strong financial results for the first quarter, with a 49% year-over-year increase in revenue, surpassing consensus estimates by 7%. The company’s billings grew by 53% year-over-year, and its subscription annual recurring revenue (ARR) reached $1.181 billion, marking a 38% increase. Additionally, Rubrik announced its plan to acquire AI platform Predibase to enhance its enterprise AI capabilities, although the financial terms were not disclosed. The acquisition aims to address AI implementation challenges and integrate with Rubrik’s existing partnerships with major tech companies.
In response to Rubrik’s robust performance, FBN Securities raised its stock price target to $100, maintaining an Outperform rating. Similarly, BMO Capital increased its price target to $110, citing Rubrik’s strong quarterly performance and its expanding portfolio. Rubrik also announced plans to offer $1 billion in Convertible Senior Notes due 2030, with the proceeds intended for various corporate purposes, including potential acquisitions and investments.
These developments highlight Rubrik’s strategic moves to strengthen its market position and financial standing. The company’s initiatives and strong financial performance have attracted positive attention from analyst firms, indicating confidence in its future growth.
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