Rubrik (NYSE:RBRK) Shares Down 8.4% on Insider Selling

Rubrik, Inc. (NYSE:RBRK)’s share price dropped 8.4% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $47.41 and last traded at $47.2780. Approximately 839,466 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 3,981,605 shares. The stock had previously closed at $51.63.

Specifically, CFO Kiran Kumar Choudary sold 20,000 shares of Rubrik stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the completion of the sale, the chief financial officer directly owned 549,901 shares in the company, valued at $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Rosenblatt Securities lowered their price objective on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, March 9th. DA Davidson set a $70.00 price objective on shares of Rubrik in a research note on Friday, March 13th. Cantor Fitzgerald lowered their price objective on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $110.00 price objective on shares of Rubrik in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and an average target price of $89.10.

Rubrik Price Performance

The company’s 50 day moving average price is $52.37 and its 200 day moving average price is $67.38. The firm has a market cap of $9.57 billion, a PE ratio of -26.78 and a beta of 0.63.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The firm’s revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares in the last quarter. Financial Life Planners acquired a new position in Rubrik during the 3rd quarter worth approximately $31,000. Atlantic Union Bankshares Corp grew its holdings in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Finally, Guerra Advisors Inc acquired a new position in Rubrik during the 3rd quarter worth approximately $33,000. 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).