Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 721 Shares

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97. Following the completion of the sale, the director directly owned 4,638 shares in the company, valued at $378,321.66. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yvonne Wassenaar also recently made the following trade(s):

• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $50,700.00.
• On Wednesday, June 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $80.73, for a total transaction of $58,206.33.
• On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Stock Up 2.0%

NYSE:RBRK traded up $1.64 during mid-day trading on Wednesday, reaching $81.92. The company’s stock had a trading volume of 4,747,568 shares, compared to its average volume of 4,421,982. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75. The stock has a fifty day moving average of $67.06 and a 200-day moving average of $62.31.

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 company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter last year, the firm earned ($0.15) EPS. Rubrik’s revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, research analysts anticipate that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RBRK. Norges Bank purchased a new stake in shares of Rubrik in the fourth quarter valued at approximately $345,907,000. Pictet Asset Management Holding SA lifted its position in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares in the last quarter. ARK Investment Management LLC boosted its stake in Rubrik by 21.1% during the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after buying an additional 55,500 shares during the last quarter. Legal & General Group Plc grew its holdings in Rubrik by 8.6% in the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after buying an additional 151,234 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in Rubrik by 47.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after buying an additional 191,738 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RBRK shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $90.00 price target on shares of Rubrik in a research report on Monday, June 1st. Jefferies Financial Group set a $90.00 price objective on Rubrik in a report on Friday, June 5th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Oppenheimer raised their target price on Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Rubrik in a research report on Friday, June 26th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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).