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

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $82.65, for a total value of $909,150.00. Following the completion of the transaction, the director directly owned 8,362 shares in the company, valued at $691,119.30. The trade was a 56.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $82.75, for a total value of $206,875.00.
• On Monday, June 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $84.51, for a total value of $211,275.00.
• On Monday, June 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $84.55, for a total transaction of $930,050.00.
• On Friday, May 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $55.51, for a total transaction of $138,775.00.
• On Friday, May 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $55.48, for a total transaction of $610,280.00.

Rubrik Stock Up 2.0%

NYSE:RBRK traded up $1.64 during trading hours on Wednesday, hitting $81.92. The stock had a trading volume of 4,747,568 shares, compared to its average volume of 4,421,982. The business’s 50 day moving average is $67.06 and its 200-day moving average is $62.31. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC increased its stake in Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares in the last quarter. Financial Life Planners purchased a new position in shares of Rubrik during the third quarter valued at approximately $31,000. Atlantic Union Bankshares Corp boosted its holdings in Rubrik by 100.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in Rubrik during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RBRK shares. BMO Capital Markets lifted their price objective on shares of Rubrik from $73.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. KeyCorp lifted their price objective on shares of Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Wedbush reissued an “outperform” rating and issued a $90.00 price target on shares of Rubrik in a report on Thursday, June 11th. Robert W. Baird lifted their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Finally, Oppenheimer raised their target price 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 research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average target price of $93.00.

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).