Gold prices hit 2-week high as Trump-Fed feud escalates with Cook firing
PALO ALTO, Calif.—Nithrakashyap Arvind (NSE:ARVN), Chief Technology Officer at Rubrik, Inc. (NASDAQ:RBRK), a $13.7 billion market cap company whose stock has surged 144% over the past six months, executed a series of stock transactions earlier this week, according to a recent SEC filing. According to InvestingPro data, the stock is currently trading near its 52-week high of $77.22.
On February 3, Arvind sold a total of 32,485 shares of Class A common stock at prices ranging from $69.69 to $71.37 per share. The following day, February 4, he sold an additional 34,485 shares at prices between $70.90 and $73.85 per share. The sales continued on February 5, with 32,485 shares sold at prices ranging from $74.51 to $75.45 per share. These transactions were part of a pre-established trading plan under Rule 10b5-1, adopted on September 21, 2024. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, with analysts setting price targets between $47 and $85.
In total, the sales amounted to approximately $7.1 million. After these transactions, Arvind continues to hold a significant number of shares in the company. Subscribers to InvestingPro can access 10 additional ProTips and comprehensive analysis about Rubrik’s financial health and growth prospects through the Pro Research Report.
In other recent news, Rubrik Inc, a data management company, has been the focus of several financial firms following its recent earnings report. Piper Sandler, Mizuho (NYSE:MFG) Securities, BMO Capital Markets, and Truist Securities all revised their price targets for Rubrik upwards, maintaining positive ratings on the stock. These revisions came after Rubrik’s strong financial performance, which saw the company exceed earnings expectations and raise its full-year revenue guidance.
Piper Sandler’s new price target of $83 reflects an update in Rubrik’s revenue mix within its Subscription segment. Mizuho Securities, confident in Rubrik’s data management platform and cyber resiliency solutions, raised its price target to $82. BMO Capital Markets increased its price target to $72, highlighting strong demand for Rubrik’s offerings.
In addition, Rubrik’s third-quarter results were bolstered by the public cloud, software as a service (SaaS), and data security sectors. The company forecasts revenue between $860 million and $862 million for 2025, an increase from the previous range. These are recent developments indicating the company’s robust financial performance and promising growth trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.