Rubrik (NYSE:RBRK) Director John Wendell Thompson Sells 2,500 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 2,500 shares of Rubrik stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $74.11, for a total value of $185,275.00. Following the transaction, the director owned 10,000 shares in the company, valued at $741,100. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 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 stock was 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 shares were sold at an average price of $84.55, for a total value of $930,050.00.

Rubrik Trading Up 8.5%

NYSE RBRK traded up $6.37 on Tuesday, reaching $81.11. 3,087,250 shares of the stock were exchanged, compared to its average volume of 3,757,645. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75. The firm has a market capitalization of $16.69 billion, a PE ratio of -55.94 and a beta of 1.17. The company’s 50-day simple moving average is $76.09 and its two-hundred day simple moving average is $62.77.

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 firm had revenue of $387.07 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company 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. Sell-side analysts forecast that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Rubrik during the fourth quarter valued at about $345,907,000. First Trust Advisors LP grew its holdings in Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after buying an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Rubrik during the 3rd quarter valued at approximately $97,828,000. Institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RBRK shares. Guggenheim reiterated a “buy” rating on shares of Rubrik in a research note on Friday, June 5th. DA Davidson reaffirmed a “buy” rating and issued a $90.00 price objective (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. BTIG Research reissued a “buy” rating and issued a $91.00 price target on shares of Rubrik in a report on Thursday, June 11th. Finally, Truist Financial restated a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.20.

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).