Insider Selling: Rubrik (NYSE:RBRK) Director Sells $1,289,970.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $117.27, for a total value of $1,289,970.00. Following the completion of the transaction, the director owned 8,362 shares of the company’s stock, valued at approximately $980,611.74. The trade was a 56.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 shares were 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 shares were 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 stock was sold at an average price of $89.04, for a total transaction 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 transaction of $979,330.00.

Rubrik Stock Up 1.6%

RBRK stock traded up $1.85 during trading on Tuesday, hitting $116.52. 2,440,299 shares of the company’s stock traded hands, compared to its average volume of 3,646,002. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of -92.48 and a beta of 1.12. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $139.92. The stock has a fifty day moving average price of $110.78 and a two-hundred day moving average price of $76.99.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. 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, equities research analysts expect that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on RBRK. UBS Group reaffirmed a “buy” rating and set a $106.00 target price on shares of Rubrik in a report on Wednesday, August 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $120.00 price target on shares of Rubrik in a report on Friday, August 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Monday, August 31st. BMO Capital Markets upped their price objective on Rubrik from $98.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a research report on Friday, August 28th. Thirty research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.04.

Institutional Investors Weigh In On Rubrik

Large investors have recently made changes to their positions in the company. Congress Asset Management Co. raised its holdings in shares of Rubrik by 32.6% during the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock valued at $81,909,000 after buying an additional 175,866 shares during the last quarter. Wellington Management Group LLP grew its holdings in Rubrik by 48.8% in the 2nd quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock worth $58,744,000 after buying an additional 240,062 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Rubrik by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 294,291 shares of the company’s stock valued at $33,687,000 after acquiring an additional 12,093 shares during the period. Amundi increased its position in Rubrik by 449.5% in the 1st quarter. Amundi now owns 561,496 shares of the company’s stock valued at $27,496,000 after acquiring an additional 459,314 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock valued at $22,514,000 after acquiring an additional 28,056 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

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.