Insider Selling: Rubrik (NYSE:RBRK) Director Sells 11,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director John Thompson sold 11,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $115.69, for a total value of $1,272,590.00. Following the transaction, the director directly owned 8,362 shares of the company’s stock, valued at $967,399.78. This represents a 56.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $115.68, for a total value of $289,200.00.
• 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 value 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 value of $979,330.00.
• On Monday, August 3rd, John Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $74.10, for a total transaction of $815,100.00.
• On Monday, August 3rd, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $74.11, for a total transaction of $185,275.00.

Rubrik Stock Up 2.8%

Rubrik stock traded up $3.27 during mid-day trading on Friday, reaching $118.67. The company had a trading volume of 3,092,771 shares, compared to its average volume of 3,707,060. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of -94.19 and a beta of 1.11. The company has a 50 day moving average of $95.72 and a 200-day moving average of $75.65. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $118.82.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period in the prior year, the company posted ($0.03) EPS. The firm’s quarterly 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. On average, analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently modified their holdings of RBRK. Pictet Asset Management Holding SA lifted its position in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. Assenagon Asset Management S.A. raised its stake in Rubrik by 11.1% during the second quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after acquiring an additional 28,056 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in Rubrik by 17.4% during the first quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock worth $34,249,000 after acquiring an additional 103,538 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Rubrik by 36.6% during the first quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock valued at $4,262,000 after acquiring an additional 23,320 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Rubrik by 37.5% during the first quarter. The Manufacturers Life Insurance Company now owns 57,372 shares of the company’s stock valued at $2,810,000 after acquiring an additional 15,643 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RBRK. BMO Capital Markets raised their price objective on Rubrik from $98.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Mizuho upped their target price on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Robert W. Baird upped their target price on Rubrik from $130.00 to $139.00 and gave the company an “outperform” rating in a research note on Wednesday, September 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Finally, DA Davidson lifted their price target on shares of Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $114.42.

About Rubrik

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.