Insider Selling: Rubrik (NYSE:RBRK) Director Sells 3,979 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the transaction, the director owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. The trade was a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ravi Mhatre also recently made the following trade(s):

• On Friday, June 26th, Ravi Mhatre sold 3,979 shares of Rubrik stock. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71.

Rubrik Trading Up 5.2%

Shares of RBRK stock traded up $4.38 during trading hours on Tuesday, hitting $88.22. The company’s stock had a trading volume of 3,676,394 shares, compared to its average volume of 3,925,336. The business has a fifty day moving average of $72.15 and a 200-day moving average of $62.71. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $99.75. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of -60.84 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company 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 firm earned ($0.15) earnings per share. 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 expect that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its stake in Rubrik by 35.4% in the second quarter. Handelsbanken Fonder AB now owns 44,400 shares of the company’s stock valued at $3,564,000 after purchasing an additional 11,600 shares during the last quarter. Gradient Investments LLC lifted its position in Rubrik by 34.4% during the second quarter. Gradient Investments LLC now owns 25,652 shares of the company’s stock worth $2,059,000 after buying an additional 6,567 shares during the period. FNY Investment Advisers LLC boosted its stake in Rubrik by 112.7% in the 2nd quarter. FNY Investment Advisers LLC now owns 9,677 shares of the company’s stock worth $776,000 after buying an additional 5,127 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after buying an additional 28,056 shares during the period. Finally, Balefire LLC purchased a new stake in Rubrik in the 2nd quarter valued at about $344,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on RBRK shares. Robert W. Baird upped their price objective on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Piper Sandler reissued an “overweight” rating and issued a $91.00 target price (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a report on Friday, June 5th. Finally, BMO Capital Markets raised their price target on shares of Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.46.

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).