Rubrik (NYSE:RBRK) Director Ravi Mhatre Sells 3,979 Shares

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total value of $284,458.71. Following the transaction, the director directly owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. The trade was a 3.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Rubrik Trading Up 1.9%

RBRK opened at $72.35 on Friday. The company’s 50 day moving average is $65.44 and its 200-day moving average is $62.71. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The company has a market cap of $14.89 billion, a P/E ratio of -49.90 and a beta of 1.10.

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

Analyst Ratings Changes

Several research firms recently weighed in on RBRK. Barclays raised their price objective on Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rubrik in a research report on Friday. DA Davidson restated a “buy” rating and set a $90.00 price target (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price objective (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Finally, Oppenheimer raised their price objective on shares of Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Institutional Trading of Rubrik

Several institutional investors have recently added to or reduced their stakes in RBRK. Comerica Bank boosted its stake in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares during the last quarter. Royal Bank of Canada boosted its position in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after acquiring an additional 20,471 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after acquiring an additional 300 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after acquiring an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

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).