Rubrik (NYSE:RBRK) Director Sells $815,100.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $74.10, for a total transaction of $815,100.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at approximately $619,624.20. This trade represents a 56.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Wendell Thompson also recently made the following trade(s):

• On Monday, August 3rd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $74.11, for a total transaction of $185,275.00.
• On Wednesday, July 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $82.75, for a total transaction of $206,875.00.
• On Wednesday, July 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00.
• On Monday, June 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $84.51, for a total value of $211,275.00.
• On Monday, June 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $84.55, for a total value of $930,050.00.

Rubrik Stock Performance

NYSE RBRK opened at $84.81 on Friday. The stock has a market cap of $17.46 billion, a P/E ratio of -58.49 and a beta of 1.17. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The stock has a 50 day simple moving average of $77.01 and a two-hundred day simple moving average of $63.09.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period last year, the firm posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Sell-side analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank increased its stake in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after acquiring an additional 395 shares in the last quarter. Royal Bank of Canada boosted its stake in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after acquiring an additional 20,471 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Rubrik by 31.6% in the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp upped their price objective on shares of Rubrik from $88.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Guggenheim reiterated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a research note on Friday, June 5th. Loop Capital initiated coverage on shares of Rubrik in a report on Monday. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.20.

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).