John Wendell Thompson Sells 11,000 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $53.62, for a total value of $589,820.00. Following the completion of the transaction, the director owned 4,653 shares of the company’s stock, valued at approximately $249,493.86. The trade was a 70.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 2nd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $53.55, for a total value of $133,875.00.
• On Monday, February 2nd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $55.30, for a total value of $138,250.00.
• On Monday, February 2nd, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $55.29, for a total transaction of $608,190.00.
• On Monday, January 5th, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $73.87, for a total transaction of $184,675.00.
• On Monday, January 5th, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $73.84, for a total transaction of $812,240.00.

Rubrik Stock Performance

Rubrik stock opened at $54.80 on Thursday. Rubrik, Inc. has a 1 year low of $46.36 and a 1 year high of $103.00. The firm’s 50-day moving average is $62.13 and its 200-day moving average is $73.23. The company has a market cap of $10.97 billion, a P/E ratio of -28.10 and a beta of 0.45.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. During the same period in the prior year, the business earned ($0.21) EPS. The business’s revenue was up 48.3% on a year-over-year basis. As a group, sell-side analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP boosted its holdings in shares of Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after acquiring an additional 268 shares in the last quarter. Bogart Wealth LLC increased its position in shares of Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after purchasing an additional 243 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the period. Financial Life Planners bought a new stake in shares of Rubrik in the 3rd quarter worth $31,000. Finally, Atlantic Union Bankshares Corp lifted its holdings in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. BMO Capital Markets lowered their price target on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. DA Davidson started coverage on shares of Rubrik in a research report on Monday, February 23rd. They issued a “buy” rating and a $65.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of Rubrik from $120.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Robert W. Baird raised their price target on shares of Rubrik from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.11.

About Rubrik

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).