Rubrik (NYSE:RBRK) Director John Wendell Thompson Sells 11,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director John Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $117.27, for a total value of $1,289,970.00. Following the sale, the director owned 8,362 shares in the company, valued at $980,611.74. The trade was a 56.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Wendell Thompson also recently made the following trade(s):

• On Monday, November 2nd, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $117.27, for a total value of $293,175.00.
• On Thursday, October 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $115.68, for a total value of $289,200.00.
• On Thursday, October 1st, John Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $115.69, for a total value of $1,272,590.00.
• On Tuesday, September 1st, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $89.04, for a total value of $222,600.00.
• On Tuesday, September 1st, John Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $89.03, for a total value of $979,330.00.

Rubrik Trading Up 1.6%

RBRK stock opened at $116.52 on Wednesday. The firm has a market cap of $24.16 billion, a P/E ratio of -92.48 and a beta of 1.08. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $139.92. The stock’s 50 day simple moving average is $111.15 and its 200 day simple moving average is $77.23.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) 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 the consensus estimate of $396.30 million. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the company. Congress Asset Management Co. raised its position in shares of Rubrik by 32.6% during the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after buying an additional 175,866 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after acquiring an additional 28,056 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Rubrik by 36.6% in the first quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock valued at $4,262,000 after acquiring an additional 23,320 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Rubrik by 37.5% in the first quarter. The Manufacturers Life Insurance Company now owns 57,372 shares of the company’s stock valued at $2,810,000 after acquiring an additional 15,643 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Rubrik by 35.4% during the second quarter. Handelsbanken Fonder AB now owns 44,400 shares of the company’s stock valued at $3,564,000 after acquiring an additional 11,600 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research report on Monday, September 21st. Rosenblatt Securities boosted their price objective on shares of Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Wedbush increased their price objective on shares of Rubrik from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. Barclays raised their target price on shares of Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Finally, BTIG Research lifted their target price on Rubrik from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Thirty analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and an average target price of $118.04.

About Rubrik

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.