Insider Selling: Rubrik (NYSE:RBRK) Director Sells $50,700.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 676 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $75.00, for a total value of $50,700.00. Following the transaction, the director directly owned 5,359 shares of the company’s stock, valued at approximately $401,925. This trade represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 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 Stock Performance

NYSE:RBRK opened at $72.35 on Friday. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75. The stock has a fifty day moving average price of $65.44 and a two-hundred day moving average price of $62.71. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of -49.90 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its 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 company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. 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, analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Wall Street Analyst Weigh In

RBRK has been the topic of several recent analyst reports. DA Davidson restated a “buy” rating and set a $90.00 target price (up from $70.00) on shares of Rubrik in a research report on Thursday, June 11th. Mizuho lifted their price target on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Wedbush reissued an “outperform” rating and set a $90.00 price target on shares of Rubrik in a research note on Thursday, June 11th. Wolfe Research restated an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a report on Friday, June 5th. Finally, KeyCorp upped their price target on Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently made changes to their positions in RBRK. Essential Partners LLC lifted its position in shares of Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after acquiring an additional 284 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in Rubrik during the 1st quarter worth about $506,000. Smith Group Asset Management LLC purchased a new stake in Rubrik during the 1st quarter worth about $617,000. ADAR1 Capital Management LLC acquired a new position in Rubrik in the 1st quarter valued at about $240,000. Finally, Sunbelt Securities Inc. acquired a new position in Rubrik in the 1st quarter valued at about $46,000. 49.54% of the stock is owned by institutional investors and hedge funds.

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).