Rubrik (NYSE:RBRK) Stock Price Down 6.5% – Here’s Why

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. Approximately 328,963 shares were traded during trading, a decline of 91% from the average daily volume of 3,633,008 shares. The stock had previously closed at $124.15.

Analyst Ratings Changes

A number of equities analysts have commented on RBRK shares. Mizuho boosted their price objective on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Stephens restated an “overweight” rating on shares of Rubrik in a research note on Friday, August 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rubrik in a report on Wednesday, August 19th. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research report on Tuesday, August 25th. Finally, Morgan Stanley initiated coverage on shares of Rubrik in a report on Thursday, October 29th. They issued an “overweight” rating and a $155.00 price target for the company. Thirty research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $118.04.

Rubrik Price Performance

The stock has a 50-day moving average of $111.15 and a 200 day moving average of $77.23. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of -92.48 and a beta of 1.08.

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

Insider Buying and Selling at Rubrik

In other news, Director John Thompson sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $115.69, for a total value of $1,272,590.00. Following the completion of the transaction, the director owned 8,362 shares in the company, valued at $967,399.78. This represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a 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, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $90.41, for a total transaction of $1,159,056.20. Following the sale, the chief technology officer directly owned 293,293 shares of the company’s stock, valued at $26,516,620.13. This represents a 4.19% 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. Over the last quarter, insiders have sold 113,222 shares of company stock valued at $12,022,154. 13.66% of the stock is currently owned by corporate insiders.

Hedge Funds 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 position in shares of 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 purchasing an additional 128 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Rubrik in the 3rd quarter valued at approximately $27,000. Motley Fool Asset Management LLC boosted its holdings in shares of Rubrik by 8.3% in the 3rd quarter. Motley Fool Asset Management LLC now owns 3,218 shares of the company’s stock valued at $368,000 after buying an additional 246 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of 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 grew its stake in shares of Rubrik by 54.6% in the second quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock valued at $74,000 after buying an additional 327 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

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.