Rubrik (NYSE:RBRK) Director Sells $330,654.90 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the sale, the director directly owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ravi Mhatre also recently made the following trade(s):

• On Friday, June 26th, Ravi Mhatre sold 3,979 shares of Rubrik stock. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71.

Rubrik Stock Performance

NYSE:RBRK opened at $79.85 on Friday. The firm’s 50-day moving average is $73.59 and its 200-day moving average is $62.80. The company has a market cap of $16.43 billion, a price-to-earnings ratio of -55.07 and a beta of 1.10. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share 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 the consensus estimate of $366.31 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Institutional Investors Weigh In On Rubrik

Several large investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA grew its position in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the period. Norges Bank bought a new position in shares of Rubrik during the fourth quarter valued at $345,907,000. Legal & General Group Plc lifted its holdings in shares of Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock valued at $145,680,000 after acquiring an additional 151,234 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Rubrik by 47.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock valued at $45,571,000 after purchasing an additional 191,738 shares in the last quarter. Finally, Washington University acquired a new stake in shares of Rubrik in the 4th quarter valued at $3,861,000. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent research reports. Robert W. Baird lifted their price objective on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. BTIG Research restated a “buy” rating and issued a $91.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Rubrik in a research report on Friday, June 5th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a research note on Friday, June 5th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $90.00 price target on shares of Rubrik in a report on Monday, June 1st. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.96.

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).