Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 721 Shares of Company Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total value of $84,075.81. Following the completion of the transaction, the director owned 2,988 shares in the company, valued at $348,430.68. This represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yvonne Wassenaar also recently made the following trade(s):

• On Monday, October 5th, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $119.00, for a total transaction of $85,799.00.
• On Thursday, September 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $89.52, for a total transaction of $64,543.92.

Rubrik Price Performance

RBRK stock opened at $118.89 on Thursday. The firm has a 50 day simple moving average of $111.67 and a two-hundred day simple moving average of $77.48. The stock has a market cap of $24.65 billion, a PE ratio of -94.35 and a beta of 1.08. Rubrik, Inc. has a one year low of $42.25 and a one year high of $139.92.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data 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 company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The business’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts expect that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the topic of a number of research reports. Robert W. Baird raised their price objective on Rubrik from $130.00 to $139.00 and gave the company an “outperform” rating in a report on Wednesday, September 23rd. UBS Group reissued a “buy” rating and set a $106.00 price target on shares of Rubrik in a research note on Wednesday, August 19th. Stephens restated an “overweight” rating on shares of Rubrik in a report on Friday, August 28th. Guggenheim upped their price objective on shares of Rubrik from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Thirty analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.04.

Key Headlines Impacting Rubrik

Here are the key news stories impacting Rubrik this week:

• Negative Sentiment: Several insiders reported sales: CTO Arvind Nithrakashyap sold 12,820 shares, while director John Wendell Thompson sold 11,000 shares and was also reported to have sold another 2,500. Director Yvonne Wassenaar sold 721 shares. Thompson’s reported sale substantially reduced his stake, which could weigh on sentiment. However, the transactions were made under pre-arranged Rule 10b5-1 plans, and Nithrakashyap retained 272,538 shares. CTO SEC filing Director SEC filing Wassenaar SEC filing

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Rubrik in the third quarter valued at $27,000. CoreCap Advisors LLC raised its holdings in Rubrik by 268.2% in the 3rd quarter. CoreCap Advisors LLC now owns 545 shares of the company’s stock worth $62,000 after purchasing an additional 397 shares in the last quarter. Essential Partners LLC lifted its position in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares during the period. Markowski Investments purchased a new stake in shares of Rubrik in the 2nd quarter worth about $48,000. Finally, State of Wyoming bought a new stake in shares of Rubrik during the 3rd quarter valued at about $84,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

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.