Yvonne Wassenaar Sells 721 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total value of $58,811.97. Following the completion of the sale, the director owned 4,638 shares in the company, valued at approximately $378,321.66. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $50,700.00.
• On Wednesday, June 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was 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 shares were sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Stock Up 1.6%

Shares of NYSE RBRK opened at $83.31 on Friday. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The firm’s 50-day simple moving average is $67.64 and its 200 day simple moving average is $62.32. The stock has a market cap of $17.15 billion, a P/E ratio of -57.45 and a beta of 1.10.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) EPS. 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, sell-side analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on RBRK. Robert W. Baird increased their price objective on shares of Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Citigroup upped their target price on Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Barclays increased their price target on Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Wells Fargo & Company lowered their price target on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, UBS Group reissued a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Institutional Trading of Rubrik

A number of large investors have recently added to or reduced their stakes in RBRK. Versant Capital Management Inc boosted its stake in shares of Rubrik by 54.6% during the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock worth $74,000 after acquiring an additional 327 shares in the last quarter. CX Institutional lifted its holdings in shares of Rubrik by 329.9% during the second quarter. CX Institutional now owns 1,393 shares of the company’s stock valued at $112,000 after purchasing an additional 1,069 shares during the last quarter. PVG Asset Management Corp purchased a new stake in shares of Rubrik during the second quarter valued at $240,000. Essential Partners LLC boosted its position in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the period. Finally, Arkadios Wealth Advisors acquired a new position in shares of Rubrik in the 1st quarter valued at $506,000. 49.54% of the stock is currently owned by institutional investors.

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).