Rubrik (NYSE:RBRK) Director Ravi Mhatre Sells 3,979 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the transaction, the director directly owned 125,351 shares of the company’s stock, valued at $10,416,668.10. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ravi Mhatre also recently made the following trade(s):

• On Friday, June 26th, Ravi Mhatre sold 3,979 shares of Rubrik stock. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71.

Rubrik Trading Up 5.2%

NYSE:RBRK opened at $88.22 on Wednesday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75. The company has a market cap of $18.16 billion, a PE ratio of -60.84 and a beta of 1.10. The company has a 50 day simple moving average of $72.77 and a two-hundred day simple moving average of $62.78.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The company 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 quarter in the prior 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. Research analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Institutional Trading of Rubrik

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of Rubrik by 12.0% in the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after purchasing an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Creative Planning raised its stake in Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares in the last quarter. Moors & Cabot Inc. lifted its position in Rubrik by 9.2% during the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after purchasing an additional 282 shares during the last quarter. Finally, Essential Partners LLC lifted its position in Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird raised their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Guggenheim reissued a “buy” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Scotiabank restated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.46.

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).