Rubrik (NYSE:RBRK) Stock: Insider John Wendell Thompson Sells 11,000 Shares

Rubrik, Inc. (NYSE:RBRK) Director John Thompson sold 11,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $117.27, for a total value of $1,289,970.00. Following the sale, the director owned 8,362 shares of the company’s stock, valued at approximately $980,611.74. This represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Wendell Thompson also recently made the following trade(s):

• On Monday, November 2nd, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $117.27, for a total transaction of $293,175.00.
• On Thursday, October 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $115.68, for a total transaction of $289,200.00.
• On Thursday, October 1st, John Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00.
• On Tuesday, September 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $89.04, for a total transaction of $222,600.00.
• On Tuesday, September 1st, John Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $89.03, for a total transaction of $979,330.00.

Rubrik Trading Up 2.0%

Shares of RBRK stock opened at $118.89 on Thursday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $139.92. The stock has a market cap of $24.65 billion, a P/E ratio of -94.35 and a beta of 1.08. The company has a 50 day simple moving average of $111.67 and a two-hundred day simple moving average of $77.48.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The firm’s revenue 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, equities analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current year.

More Rubrik News

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 Trading of Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in Rubrik by 2.4% in 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 in the last quarter. V Square Quantitative Management LLC bought a new position in Rubrik in the 3rd quarter worth approximately $27,000. Motley Fool Asset Management LLC boosted its stake 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 purchasing an additional 246 shares during the period. Essential Partners LLC grew its holdings in 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 buying an additional 284 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Rubrik by 54.6% during 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 in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RBRK. DA Davidson lifted their target price on Rubrik from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Citigroup upped their price target on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Wells Fargo & Company upped their price target on Rubrik from $90.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Oppenheimer set a $120.00 price objective on Rubrik in a research note on Thursday, August 20th. Finally, Rosenblatt Securities lifted their price objective on Rubrik from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Thirty equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $118.04.

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.