Ravi Mhatre Buys Shares of Rubrik, Inc. (RBRK)
Ravi Mhatre acquired 473,660 shares of Rubrik, Inc. on June 24, 2026.
Key Points
- Ravi Mhatre purchased 473,660 shares of Rubrik, Inc. on June 24, 2026, with shares trading near $71.02.
- Rubrik, Inc. has a market cap of $14.62 billion and a forward P/E ratio of 109.8, despite not being profitable.
- Analysts have reiterated buy ratings for Rubrik, Inc., with a consensus target price of $95.5.
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Ravi Mhatre made a significant move on June 24, 2026, by purchasing 473,660 shares of Rubrik, Inc. (NYSE: RBRK). This transaction was part of a series of buys and sells he conducted on that day. Shares of Rubrik traded near $71.02 on the day of the purchase.
Insider Buying and Selling at Rubrik, Inc.
Ravi Mhatre was active on June 24, 2026, buying 473,660 shares of Rubrik, Inc. without a disclosed price, and also acquiring 2,381,353 shares in another transaction. On the same day, he sold 2,798,453 shares. This activity comes just days after another sale of 3,979 shares on June 26, 2026, at an average price of $71.49. Another insider, Yvonne Wassenaar, sold 676 shares on June 23, 2026, at $75.00 under a planned transaction.
Rubrik, Inc. Stock Down 22.3%
Shares of Rubrik, Inc. traded near $71.02 on Saturday. The company, based in Palo Alto, California, has a market cap of $14.62 billion. Despite not being profitable, Rubrik's forward P/E ratio is 109.8, indicating high future earnings expectations. The stock has a beta of 1.101, showing moderate volatility compared to the market. Its 52-week range spans from $42.25 to $99.75, with a 50-day moving average of $64.56 and a 200-day moving average of $66.83.
$RBRK stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Several analysts have maintained their positive outlook on Rubrik, Inc. On June 15, 2026, Stephens & Co. reiterated a buy rating with a $90.00 price target. Earlier in June, Cantor Fitzgerald and Wedbush both reiterated buy ratings, setting targets at $95.00 and $90.00, respectively. The consensus among 28 analysts is a strong buy, with a mean target price of $95.50.
About Rubrik, Inc.
Rubrik, Inc. is a technology company specializing in data security solutions. Headquartered in Palo Alto, California, and led by CEO Bipul Sinha, the company offers a range of services, including enterprise data protection, cloud data protection, and cyber recovery solutions. Rubrik serves various sectors such as finance, healthcare, and technology. The company employs around 3,797 people and continues to innovate in data security and resilience.
Bottom Line
Ravi Mhatre's recent purchase of Rubrik, Inc. shares highlights ongoing interest in the company's potential. While the stock is not currently profitable, its high forward P/E ratio suggests strong future earnings expectations. Analysts remain optimistic, maintaining strong buy ratings, reflecting confidence in Rubrik's growth prospects.
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