According to the financial news app, the cybersecurity company Rubrik (RBRK.US) saw its shareholder Cisco Systems (CSCO.US) sell the held shares several months after the initial public offering. Cisco had obtained shares of Rubrik through an investment in the cybersecurity company Datos IO, which Rubrik acquired in 2018. The two companies announced a strategic partnership in August, integrating Rubrik's products into Cisco's global pricing list and offering joint solutions to enhance ransomware protection and business continuity.

Reportedly, Cisco Systems sold its held shares in Rubrik a few months after Rubrik's initial public offering (IPO). According to documents filed by Cisco with the U.S. Securities and Exchange Commission, as of June 30th, Cisco held 183,081 shares of Rubrik stock, valued slightly below $6 million, and sold these shares on September 30th.

Cisco's investment in Rubrik originated from its investment in the cybersecurity company Datos IO, which Rubrik acquired in 2018. Cisco's Chief Financial Officer Scott Herren has been serving as a director at Rubrik since 2021.

Rubrik's major investors include Microsoft (MSFT.US), which had an IPO price of $32 per share and began trading in April. In August, Cisco and Rubrik announced a strategic partnership where Rubrik joined Cisco's SolutionsPlus program. As part of this program, Cisco's direct and channel sales networks would provide Rubrik's security cloud with Cisco Unified Computing System (UCS) and Cisco Extended Detection and Response (XDR).

It is understood that Rubrik was listed on the New York Stock Exchange on April 25th with the stock symbol 'RBRK', and the stock price increased by 20% post listing. As of Thursday, Rubrik's closing price was $34.63 per share. As of July 31st, Rubrik's Annual Recurring Revenue (ARR) exceeded $0.919 billion, with 1,969 customers having a subscription ARR of $100,000 or more.