Rubrik (NYSE:RBRK) Director Sells $58,811.97 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total value of $58,811.97. Following the completion of the sale, the director directly owned 4,638 shares of the company’s stock, 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 SEC, which is accessible 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 shares were sold at an average price of $75.00, for a total value 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 value of $58,206.33.
• On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Trading Down 0.4%

Shares of NYSE:RBRK opened at $83.31 on Friday. The stock has a market capitalization of $17.15 billion, a P/E ratio of -57.45 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The business has a 50-day moving average price of $68.21 and a two-hundred day moving average price of $62.47.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The business’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, equities analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research report on Wednesday, June 24th. Cantor Fitzgerald reissued an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. UBS Group restated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a research note 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Institutional Inflows and Outflows

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

Rubrik Company Profile

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).