Ravi Mhatre Sells Shares of Rubrik, Inc. (NYSE:RBRK)

Ravi Mhatre, a notable insider, sold 2,381,353 shares of Rubrik, Inc. (NYSE:RBRK) on June 24, 2026. This transaction was not part of a pre-planned trading program. The stock traded near $71.02 on that day.

Insider Buying and Selling at Rubrik, Inc.

Ravi Mhatre was active on the trading front around late June 2026. On June 24, he sold 2,381,353 shares and 2,798,453 shares, both transactions not being part of a planned sale. On June 26, Mhatre sold an additional 3,979 shares at an average price of $71.49. Yvonne Wassenaar, another insider, sold 676 shares at $75.00 on June 23 under a pre-planned Rule 10b5-1 trading plan.

Other Institutional Activity in Rubrik, Inc.

Institutional investors have also been making moves with Rubrik, Inc. BlackRock, Inc. reduced its holdings by 2,899,865 shares, bringing its total to 8,816,816 shares valued at about $431.8 million. FMR LLC increased its stake by 2,989,531 shares, ending with 8,261,391 shares worth approximately $404.6 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with 8,029,608 and 6,555,111 shares respectively. First Trust Advisors LP cut its holdings by 2,168,342 shares, now holding 4,895,715 shares valued at $239.7 million.

Rubrik, Inc. Stock Down 22.3%

On Saturday, shares of NYSE:RBRK traded near $71.02. Rubrik, Inc. boasts a market cap of $14.6 billion and a forward P/E ratio of 109.8. The company has a beta of 1.101, indicating slightly higher volatility compared to the market. Its 52-week range has seen lows of $42.25 and highs of $99.75. The stock's 50-day moving average is $64.56, with a 200-day moving average of $66.83. The firm's current ratio stands at 1.737, and its quick ratio is 1.526.

Recent Earnings

Rubrik, Inc. reported revenue of $1.42 billion, reflecting a growth rate of 39%. Despite this, the company is not yet profitable, with a net margin of -20.3%. The next earnings release is scheduled for June 4, 2026.

Analysts Set New Price Targets

Analyst sentiment remains strong for Rubrik, Inc., with multiple firms reiterating their buy ratings. On June 15, 2026, Stephens & Co. reiterated their buy rating with a price target of $90. Cantor Fitzgerald and Wedbush echoed this sentiment on June 11, maintaining buy ratings with targets of $95 and $90, respectively. The consensus among 28 analysts is a strong buy, with a mean target price of $95.5.

About Rubrik, Inc.

Rubrik, Inc., headquartered in Palo Alto, California, provides data security solutions globally. The company offers a wide array of services including enterprise data protection, cloud data protection, and cyber recovery solutions. Led by CEO Bipul Sinha, Rubrik employs 3,797 people and serves sectors such as financial services, healthcare, and technology.

Bottom Line

Ravi Mhatre's recent sale of Rubrik, Inc. shares is a notable event for investors tracking insider activity. Rubrik's strong market position in the technology sector, reflected in its substantial market cap and analyst ratings, makes it a company to watch. As always, remember that insider transactions are reported after the fact and may not indicate future performance.