Rubrik, Inc. (NYSE:RBRK) Director Sells $144,480.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,000 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $72.24, for a total value of $144,480.00. Following the transaction, the director now owns 153 shares of the company’s stock, valued at approximately $11,052.72. The trade was a 92.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, March 18th, Yvonne Wassenaar sold 3,000 shares of Rubrik stock. The stock was sold at an average price of $70.03, for a total transaction of $210,090.00.
• On Tuesday, February 18th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00.

Rubrik Trading Up 1.1 %

Shares of RBRK stock opened at $76.63 on Friday. The company has a market capitalization of $14.54 billion and a price-to-earnings ratio of -5.56. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The stock’s fifty day simple moving average is $64.13 and its 200-day simple moving average is $62.23.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. Rubrik’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.59) earnings per share. On average, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in Rubrik in the fourth quarter valued at about $28,000. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new position in Rubrik in the fourth quarter worth approximately $39,000. Point72 Hong Kong Ltd bought a new position in Rubrik during the fourth quarter valued at approximately $47,000. Finally, Quarry LP acquired a new stake in Rubrik in the fourth quarter valued at approximately $48,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, March 12th. KeyCorp lowered their price target on Rubrik from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird reduced their price objective on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. Citigroup boosted their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, William Blair initiated coverage on shares of Rubrik in a research note on Friday, February 7th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $68.83.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.