Ravi Mhatre Sells 101,659 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 101,659 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $81.82, for a total value of $8,317,739.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Rubrik Stock Down 1.9%

Shares of NYSE RBRK traded down $1.56 during midday trading on Monday, hitting $79.97. The company had a trading volume of 3,848,899 shares, compared to its average volume of 3,707,246. The business has a 50-day simple moving average of $75.90 and a two-hundred day simple moving average of $83.28. Rubrik, Inc. has a twelve month low of $47.35 and a twelve month high of $103.00. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of -41.01 and a beta of 0.33.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million for the quarter, compared to analysts’ expectations of $320.19 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The firm’s revenue for the quarter was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Trading of Rubrik

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Rubrik by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock valued at $1,070,586,000 after buying an additional 993,634 shares during the last quarter. First Trust Advisors LP raised its position in shares of Rubrik by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 4,947,785 shares of the company’s stock valued at $406,955,000 after purchasing an additional 485,080 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Rubrik by 18.0% during the third quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock worth $293,552,000 after buying an additional 543,855 shares in the last quarter. Norges Bank acquired a new stake in Rubrik in the second quarter valued at $219,132,000. Finally, Federated Hermes Inc. raised its stake in shares of Rubrik by 101.8% in the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after purchasing an additional 1,229,476 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group restated a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Robert W. Baird raised their price target on Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Oppenheimer initiated coverage on shares of Rubrik in a research note on Monday, November 17th. They set a “market perform” rating for the company. FBN Securities reaffirmed an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Finally, Guggenheim set a $110.00 target price on shares of Rubrik in a research report on Friday, December 5th. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $114.94.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.