Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 721 Shares

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total value of $58,811.97. Following the completion of the sale, the director directly owned 4,638 shares in the company, valued at $378,321.66. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yvonne Wassenaar also recently made the following trade(s):

• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $50,700.00.
• On Wednesday, June 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $80.73, for a total transaction of $58,206.33.
• On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Price Performance

Rubrik stock opened at $81.92 on Thursday. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75. The business has a 50 day moving average of $67.06 and a 200-day moving average of $62.31. The company has a market capitalization of $16.86 billion, a P/E ratio of -56.49 and a beta of 1.10.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same period in the previous year, the business posted ($0.15) EPS. Rubrik’s 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 anticipate that Rubrik, Inc. will post -1.16 EPS for the current year.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently made changes to their positions in RBRK. Comerica Bank lifted its stake in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after acquiring an additional 395 shares during the last quarter. Royal Bank of Canada grew its stake in Rubrik by 231.3% in the first quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock worth $1,789,000 after purchasing an additional 20,471 shares during the period. NewEdge Advisors LLC increased its stake in shares of Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock worth $76,000 after acquiring an additional 300 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on RBRK shares. Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a research note on Friday, June 26th. Stephens reissued an “overweight” rating and issued a $90.00 target price on shares of Rubrik in a research report on Monday, June 15th. 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. Truist Financial reiterated a “buy” rating and issued a $90.00 target price (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Finally, BMO Capital Markets lifted their price target on Rubrik from $73.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

About Rubrik

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).