Rubrik (NYSE:RBRK) Shares Gap Down Following Insider Selling

Rubrik, Inc. (NYSE:RBRK) shares gapped down prior to trading on Thursday following insider selling activity. The stock had previously closed at $74.52, but opened at $71.78. Rubrik shares last traded at $72.4430, with a volume of 1,044,278 shares changing hands.

Specifically, Director Yvonne Wassenaar sold 676 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $75.00, for a total transaction of $50,700.00. Following the completion of the sale, the director directly owned 5,359 shares in the company, valued at $401,925. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RBRK. Wolfe Research reiterated an “outperform” rating and issued a $95.00 price objective on shares of Rubrik in a research note on Friday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $95.00 target price (up from $85.00) on shares of Rubrik in a report on Thursday, June 11th. Jefferies Financial Group set a $90.00 price target on Rubrik in a research report on Friday, June 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research report on Monday, June 1st. Twenty-eight research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Rubrik Price Performance

The business has a 50 day moving average of $64.56 and a 200 day moving average of $62.75. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of -50.04 and a beta of 1.10.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, sell-side analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after purchasing an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of 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 buying an additional 200 shares during the period. CI Investments Inc. boosted its stake in Rubrik by 31.7% in the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock valued at $71,000 after buying an additional 207 shares in the last quarter. Creative Planning boosted its stake in Rubrik by 5.3% in the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after buying an additional 236 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in Rubrik by 9.2% in the fourth quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock valued at $255,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

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).