Rubrik, Inc. (NYSE:RBRK) Director Sells $210,090.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 3,000 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total value of $210,090.00. Following the transaction, the director now directly owns 153 shares in the company, valued at approximately $10,714.59. This represents a 95.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 18th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $77.31, for a total value of $193,275.00.
• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $67.60, for a total value of $169,000.00.

Rubrik Price Performance

Rubrik stock opened at $68.15 on Friday. The company has a market capitalization of $12.62 billion and a PE ratio of -4.95. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The business has a 50 day simple moving average of $68.82 and a 200 day simple moving average of $54.90.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. During the same period last year, the company earned ($1.59) earnings per share. Rubrik’s quarterly revenue was up 47.5% on a year-over-year basis. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently bought and sold shares of RBRK. KBC Group NV acquired a new stake in Rubrik during the 3rd quarter valued at $72,000. Natixis Advisors LLC increased its holdings in Rubrik by 302.5% during the 3rd quarter. Natixis Advisors LLC now owns 53,271 shares of the company’s stock valued at $1,713,000 after purchasing an additional 40,036 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rubrik by 134.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company’s stock valued at $10,462,000 after purchasing an additional 186,485 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in Rubrik during the 3rd quarter valued at $44,418,000. Finally, Penserra Capital Management LLC acquired a new stake in Rubrik during the 3rd quarter valued at $35,359,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. William Blair assumed coverage on Rubrik in a research note on Friday, February 7th. They set a “market perform” rating for the company. Citigroup increased their target price on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Truist Financial increased their target price on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays raised their price objective on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Wedbush raised their price objective on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik has an average rating of “Buy” and a consensus target price of $70.00.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.