Rubrik (NYSE:RBRK) Director Sells $54,075.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total value of $54,075.00. Following the sale, the director owned 3,917 shares of the company’s stock, valued at approximately $293,775. This represents a 15.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $81.57, for a total value of $58,811.97.
• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $50,700.00.
• On Wednesday, June 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $80.73, for a total value of $58,206.33.
• On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Stock Performance

RBRK stock opened at $84.81 on Friday. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The company has a market capitalization of $17.46 billion, a PE ratio of -58.49 and a beta of 1.17. The company’s 50-day simple moving average is $77.01 and its 200 day simple moving average is $63.09.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period in the prior year, the firm earned ($0.15) EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current year.

Analysts Set New Price Targets

RBRK has been the topic of several analyst reports. UBS Group reissued a “buy” rating on shares of Rubrik in a report on Monday, June 1st. BTIG Research reissued a “buy” rating and issued a $91.00 target price on shares of Rubrik in a report on Thursday, June 11th. DA Davidson reaffirmed 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. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Rubrik presently has a consensus rating of “Moderate Buy” and an average target price of $94.20.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC boosted its holdings in shares of 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 acquiring an additional 284 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Triumph Capital Management bought a new stake in shares of Rubrik in the 4th quarter valued at $33,000. Banque Cantonale Vaudoise acquired a new stake in Rubrik in the third quarter worth $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rubrik in the 4th quarter valued at about $35,000. Institutional investors 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).