Rubrik (NYSE:RBRK) Director Sells $84,075.81 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total value of $84,075.81. Following the sale, the director directly owned 2,988 shares in the company, valued at $348,430.68. The trade was a 19.44% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Monday, October 5th, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $119.00, for a total transaction of $85,799.00.
• On Thursday, September 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $89.52, for a total transaction of $64,543.92.

Rubrik Price Performance

NYSE:RBRK opened at $105.78 on Friday. The firm’s fifty day moving average price is $111.82 and its 200 day moving average price is $77.87. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of -83.95 and a beta of 1.08. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $139.92.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. Rubrik’s revenue was up 43.9% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, analysts expect that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Guggenheim increased their target price on Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Piper Sandler raised their target price on shares of Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Rosenblatt Securities increased their target price on shares of Rubrik from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Loop Capital initiated coverage on shares of Rubrik in a report on Monday, August 3rd. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Barclays increased their target price on shares of Rubrik from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Thirty research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.04.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Diversified Trust Co increased its holdings in Rubrik by 105.1% during the 3rd quarter. Diversified Trust Co now owns 41,924 shares of the company’s stock worth $4,799,000 after purchasing an additional 21,479 shares during the last quarter. Eurizon Capital SGR S.p.A. raised its position in Rubrik by 565.5% during the third quarter. Eurizon Capital SGR S.p.A. now owns 8,798 shares of the company’s stock valued at $1,008,000 after purchasing an additional 7,476 shares in the last quarter. IvyRock Asset Management HK Ltd acquired a new position in shares of Rubrik during the third quarter worth approximately $572,000. R Squared Ltd purchased a new position in Rubrik in the 3rd quarter valued at approximately $398,000. Finally, Fifth Third Bancorp grew its holdings in Rubrik by 14.6% in the 3rd quarter. Fifth Third Bancorp now owns 3,792 shares of the company’s stock worth $434,000 after acquiring an additional 483 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Company Profile

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.