Rubrik (NYSE:RBRK) Director Sells $64,543.92 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total transaction of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares in the company, valued at approximately $332,029.68. The trade was a 16.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yvonne Wassenaar also recently made the following trade(s):

• On Monday, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total transaction of $54,075.00.
• On Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $81.57, for a total transaction of $58,811.97.
• 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 transaction of $50,700.00.

Rubrik Trading Up 1.9%

Shares of Rubrik stock opened at $93.85 on Friday. The stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of -74.48 and a beta of 1.24. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $107.91. The firm’s 50-day moving average price is $86.79 and its two-hundred day moving average price is $68.70.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period in the previous year, the business posted ($0.03) EPS. The business’s quarterly revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities research analysts predict that Rubrik, Inc. will post -1.21 EPS for the current year.

Analyst Upgrades and Downgrades

RBRK has been the subject of several research analyst reports. Loop Capital assumed coverage on Rubrik in a research report on Monday, August 3rd. They issued a “buy” rating and a $100.00 price objective for the company. Barclays increased their target price on Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Cantor Fitzgerald restated an “overweight” rating and issued a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research note on Monday, August 31st. Finally, Robert W. Baird lifted their price target on Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.15.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after buying an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Creative Planning increased its stake in shares of Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after buying an additional 236 shares during the period. Moors & Cabot Inc. increased its stake in shares of Rubrik by 9.2% in the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after buying an additional 282 shares during the period. Finally, Essential Partners LLC raised its position in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the last quarter. 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).