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

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 11,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $74.10, for a total value of $815,100.00. Following the sale, the director owned 8,362 shares of the company’s stock, valued at approximately $619,624.20. This represents a 56.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, August 3rd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $74.11, for a total value of $185,275.00.
• On Wednesday, July 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $82.75, for a total value of $206,875.00.
• On Wednesday, July 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $82.65, for a total value of $909,150.00.
• On Monday, June 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $84.51, for a total value of $211,275.00.
• On Monday, June 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $84.55, for a total value of $930,050.00.

Rubrik Stock Performance

Shares of RBRK stock opened at $81.11 on Wednesday. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of -55.94 and a beta of 1.17. The stock’s 50-day simple moving average is $76.35 and its 200-day simple moving average is $62.86.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, equities analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBRK has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price target (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. BTIG Research reiterated a “buy” rating and set a $91.00 price target on shares of Rubrik in a research note on Thursday, June 11th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of Rubrik in a report on Monday, June 15th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Twenty-nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.20.

Institutional Trading of Rubrik

A number of hedge funds have recently modified their holdings of RBRK. Vanguard Group Inc. raised its position in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. First Trust Advisors LP boosted its position in Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares in the last quarter. Norges Bank purchased a new stake in Rubrik in the 4th quarter worth approximately $345,907,000. Pictet Asset Management Holding SA grew its stake 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 purchasing an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock valued at $193,433,000 after purchasing an additional 178,714 shares in the last quarter. Hedge funds and other institutional investors 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).