Stock Traders Purchase High Volume of Call Options on Rubrik (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) was the target of some unusual options trading on Wednesday. Stock traders acquired 21,103 call options on the stock. This represents an increase of approximately 160% compared to the average volume of 8,118 call options.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RBRK. UBS Group reissued a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Barclays increased their price target on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Wells Fargo & Company dropped their price objective on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. Finally, Guggenheim restated a “buy” rating on shares of Rubrik in a research note on Friday, June 5th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Insider Buying and Selling

In related news, Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the transaction, the director directly owned 113,477 shares in the company, valued at approximately $8,112,470.73. The trade was a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Yvonne Wassenaar sold 2,838 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $75.00, for a total value of $212,850.00. Following the transaction, the director directly owned 2,326 shares in the company, valued at $174,450. This trade represents a 54.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 267,481 shares of company stock worth $21,393,079 in the last ninety days. Company insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners bought a new position in Rubrik in the 3rd quarter valued at about $31,000. Atlantic Union Bankshares Corp raised its position in shares of Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Rubrik in the third quarter valued at approximately $34,000. Finally, Triumph Capital Management acquired a new stake in Rubrik in the fourth quarter worth approximately $33,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Price Performance

RBRK traded up $2.75 during trading on Wednesday, hitting $83.03. The company’s stock had a trading volume of 2,525,884 shares, compared to its average volume of 3,961,219. The stock has a market cap of $17.09 billion, a PE ratio of -57.23 and a beta of 1.10. Rubrik has a twelve month low of $42.25 and a twelve month high of $99.75. The firm’s 50 day moving average price is $66.49 and its 200-day moving average price is $62.35.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. The business’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts anticipate that Rubrik will post -1.16 earnings per share for the current year.

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).