Insider Selling: Rubrik, Inc. (NYSE:RBRK) Director Sells $542,251.71 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total transaction of $542,251.71. Following the completion of the transaction, the director now owns 998 shares of the company’s stock, valued at approximately $60,069.62. The trade was a 90.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, March 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $63.18, for a total transaction of $569,188.62.
• On Monday, February 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $70.98, for a total value of $639,458.82.

Rubrik Stock Down 9.9 %

NYSE RBRK opened at $51.77 on Friday. The company has a 50-day moving average price of $67.92 and a 200-day moving average price of $56.97. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The firm has a market capitalization of $9.82 billion and a P/E ratio of -3.76.

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 the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same quarter in the previous year, the firm earned ($1.59) EPS. The company’s revenue for the quarter was up 47.5% on a year-over-year basis. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. KeyCorp lowered their price objective on Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company upped their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Truist Financial raised their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. William Blair began coverage on shares of Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating on the stock. Finally, Wedbush raised their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $70.00.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in shares of Rubrik by 22.1% in the fourth quarter. California State Teachers Retirement System now owns 56,279 shares of the company’s stock worth $3,678,000 after buying an additional 10,191 shares during the period. Centaurus Financial Inc. purchased a new stake in Rubrik in the 4th quarter worth approximately $115,000. PharVision Advisers LLC bought a new stake in Rubrik during the 4th quarter worth approximately $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rubrik by 168.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock valued at $43,610,000 after purchasing an additional 418,457 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Rubrik in the fourth quarter worth approximately $85,331,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Company Profile

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.