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 Rubrik stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $74.10, for a total value of $815,100.00. Following the completion of the transaction, the director owned 8,362 shares of the company’s stock, valued at approximately $619,624.20. This trade represents a 56.81% decrease in their position. The sale 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 Monday, August 3rd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $74.11, for a total value of $185,275.00.
• On Wednesday, July 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $82.75, for a total value of $206,875.00.
• On Wednesday, July 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $82.65, for a total value of $909,150.00.
• On Monday, June 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $84.51, for a total transaction 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.

Rubrik Stock Up 8.5%

NYSE:RBRK traded up $6.37 during mid-day trading on Tuesday, hitting $81.11. 3,087,250 shares of the stock traded hands, compared to its average volume of 2,430,853. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of -55.94 and a beta of 1.17. The firm’s 50 day moving average is $76.35 and its two-hundred day moving average is $62.86.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a research note on Wednesday, June 24th. Loop Capital initiated coverage on shares of Rubrik in a research report on Monday. They issued a “buy” rating and a $100.00 price objective for the company. Citigroup raised their target price on shares of Rubrik from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Mizuho raised their price objective on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $94.20.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after purchasing an additional 1,678,255 shares during the last quarter. First Trust Advisors LP grew its position in Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares during the last quarter. Norges Bank acquired a new position in Rubrik during the 4th quarter valued at approximately $345,907,000. Pictet Asset Management Holding SA increased its stake in Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Rubrik by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after buying an additional 178,714 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).