Rubrik (NYSE:RBRK) Stock Price Down 6.5% – Time to Sell?

Shares of Rubrik, Inc. (NYSE:RBRK) traded down 6.5% during trading on Monday. The company traded as low as $116.08 and last traded at $116.0520. 328,963 shares were traded during trading, a decline of 91% from the average session volume of 3,633,008 shares. The stock had previously closed at $124.15.

Analyst Upgrades and Downgrades

RBRK has been the topic of a number of research analyst reports. Telsey Advisory Group set a $120.00 target price on Rubrik in a report on Friday, August 28th. UBS Group reissued a “buy” rating and set a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Robert W. Baird upped their price target on Rubrik from $130.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. Morgan Stanley assumed coverage on Rubrik in a report on Thursday. They issued an “overweight” rating and a $155.00 price objective on the stock. Finally, Wedbush lifted their price objective on Rubrik from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, October 26th. Thirty equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $118.04.

Rubrik Stock Performance

The firm has a market cap of $24.85 billion, a price-to-earnings ratio of -95.13 and a beta of 1.12. The company’s fifty day moving average is $110.48 and its two-hundred day moving average is $76.77.

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

Insider Buying and Selling

In other Rubrik news, CFO Kiran Choudary sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $107.32, for a total value of $643,920.00. Following the completion of the transaction, the chief financial officer owned 958,078 shares in the company, valued at $102,820,930.96. This represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $119.00, for a total transaction of $85,799.00. Following the completion of the sale, the director directly owned 2,988 shares of the company’s stock, valued at $355,572. This trade represents a 19.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 112,542 shares of company stock valued at $11,512,172. Corporate insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Rubrik by 2.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 5,457 shares of the company’s stock worth $625,000 after buying an additional 128 shares during the period. V Square Quantitative Management LLC acquired a new position in Rubrik in the 3rd quarter worth $27,000. Motley Fool Asset Management LLC lifted its holdings in Rubrik by 8.3% in the 3rd quarter. Motley Fool Asset Management LLC now owns 3,218 shares of the company’s stock worth $368,000 after buying an additional 246 shares in the last quarter. Essential Partners LLC boosted its position in Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after buying an additional 284 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Rubrik by 54.6% in the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock valued at $74,000 after buying an additional 327 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

About Rubrik

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.