Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 2,838 Shares

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,838 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $75.00, for a total value of $212,850.00. Following the completion of the sale, the director owned 2,326 shares of the company’s stock, valued at $174,450. This represents a 54.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rubrik Stock Up 8.4%

Shares of RBRK stock traded up $6.57 during mid-day trading on Monday, reaching $85.20. The stock had a trading volume of 7,165,705 shares, compared to its average volume of 3,836,207. The firm’s 50 day simple moving average is $55.78 and its 200 day simple moving average is $62.31. Rubrik, Inc. has a one year low of $42.25 and a one year high of $103.00. The firm has a market cap of $17.23 billion, a PE ratio of -48.13 and a beta of 1.09.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. During the same quarter in the prior year, the business posted ($0.18) EPS. Rubrik’s revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBRK has been the topic of a number of analyst reports. Oppenheimer raised shares of Rubrik from a “market perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research note on Wednesday, May 20th. Wolfe Research initiated coverage on shares of Rubrik in a research note on Friday, May 1st. They issued an “outperform” rating and a $70.00 target price on the stock. Scotiabank set a $70.00 target price on shares of Rubrik and gave the company a “sector outperform” rating in a research note on Monday, April 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research note on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $110.00 target price on shares of Rubrik in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.12.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in RBRK. Comerica Bank boosted its stake in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares in the last quarter. Royal Bank of Canada lifted its position in Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after buying an additional 20,471 shares in the last quarter. NewEdge Advisors LLC lifted its position in Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after buying an additional 300 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after buying an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).