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

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total value of $284,458.71. Following the sale, the director owned 113,477 shares in the company, valued at $8,112,470.73. The trade was a 3.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Rubrik Price Performance

RBRK stock traded up $1.33 during mid-day trading on Friday, reaching $72.35. The company had a trading volume of 3,835,194 shares, compared to its average volume of 3,975,724. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of -49.90 and a beta of 1.10. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The stock has a 50 day simple moving average of $65.02 and a two-hundred day simple moving average of $62.64.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’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. On average, equities analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings 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 worth $30,000 after buying an additional 340 shares during the period. Financial Life Planners bought a new position in Rubrik in the 3rd quarter valued at about $31,000. Atlantic Union Bankshares Corp lifted its position in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Rubrik during the third quarter worth approximately $34,000. Finally, Triumph Capital Management bought a new stake in shares of Rubrik during the fourth quarter worth approximately $33,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RBRK. Scotiabank reissued an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $91.00 target price on shares of Rubrik in a report on Thursday, June 11th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Stephens reiterated an “overweight” rating and set a $90.00 price target on shares of Rubrik in a report on Monday, June 15th. Finally, Barclays boosted their price target on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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).