Yvonne Wassenaar Sells 676 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 676 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $75.00, for a total value of $50,700.00. Following the sale, the director directly owned 5,359 shares in the company, valued at approximately $401,925. The trade was a 11.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were sold at an average price of $75.00, for a total transaction of $212,850.00.

Rubrik Stock Up 0.4%

Shares of NYSE:RBRK traded up $0.29 during trading on Wednesday, reaching $74.53. The stock had a trading volume of 2,602,962 shares, compared to its average volume of 4,833,136. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75. The firm’s 50-day simple moving average is $64.56 and its 200 day simple moving average is $62.75.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) 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 analysts’ expectations of $366.31 million. During the same period in the previous year, the firm earned ($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. On average, equities analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rubrik

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Jefferies Financial Group set a $90.00 price objective on Rubrik in a report on Friday, June 5th. Mizuho boosted their target price on Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. BMO Capital Markets increased their price target on Rubrik from $73.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Oppenheimer increased their price target on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research note on Friday, March 27th. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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).