Insider Buying: Rubrik (NYSE:RBRK) Director Purchases $502,219.98 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Mark Mclaughlin bought 10,638 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was acquired at an average cost of $47.21 per share, with a total value of $502,219.98. Following the transaction, the director owned 13,639 shares of the company’s stock, valued at $643,897.19. This trade represents a 354.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rubrik Trading Down 0.0%

Shares of RBRK stock opened at $51.42 on Friday. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of -29.05 and a beta of 0.63. Rubrik, Inc. has a 1-year low of $44.75 and a 1-year high of $103.00. The stock’s fifty day simple moving average is $53.15 and its 200-day simple moving average is $67.92.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same period in the prior year, the company posted ($0.18) earnings per share. The firm’s revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Stephens initiated coverage on shares of Rubrik in a research report on Monday, December 29th. They issued an “overweight” rating and a $105.00 target price for the company. Robert W. Baird decreased their target price on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. BTIG Research assumed coverage on shares of Rubrik in a report on Friday, March 20th. They set a “buy” rating and a $64.00 price target on the stock. Finally, Mizuho dropped their price target on shares of Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and a consensus target price of $89.10.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its stake in shares of Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after buying an additional 20,471 shares during the period. NewEdge Advisors LLC grew its stake in Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after buying an additional 300 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after buying an additional 236,181 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).