Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 721 Shares

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the sale, the director owned 3,917 shares of the company’s stock, valued at $293,775. The trade was a 15.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $81.57, for a total value 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 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 stock was sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Stock Up 8.5%

Shares of NYSE RBRK opened at $81.11 on Wednesday. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of -55.94 and a beta of 1.17. The stock’s fifty day simple moving average is $76.35 and its 200 day simple moving average is $62.86. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating 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. During the same period in the prior year, the company earned ($0.15) earnings per share. The company’s revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp boosted its stake in shares of Rubrik by 100.0% during 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 period. Banque Cantonale Vaudoise acquired a new position in shares of Rubrik in the third quarter worth $34,000. Triumph Capital Management purchased a new stake in shares of Rubrik during the fourth quarter worth $33,000. Los Angeles Capital Management LLC purchased a new position in Rubrik in the fourth quarter valued at about $35,000. Finally, Advocate Investing Services LLC purchased a new position in Rubrik in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

RBRK has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Citigroup boosted their price target on shares of Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 5th. BMO Capital Markets lifted their price objective on shares of Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. UBS Group reissued a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.20.

About Rubrik

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).