Insider Selling: Rubrik (NYSE:RBRK) Director Sells $589,820.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $53.62, for a total transaction of $589,820.00. Following the completion of the transaction, the director owned 4,653 shares in the company, valued at approximately $249,493.86. This trade represents a 70.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

John Wendell Thompson also recently made the following trade(s):

• On Monday, March 2nd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $53.55, for a total value of $133,875.00.
• On Monday, February 2nd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $55.30, for a total value of $138,250.00.
• On Monday, February 2nd, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $55.29, for a total value of $608,190.00.
• On Monday, January 5th, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $73.87, for a total value of $184,675.00.
• On Monday, January 5th, John Wendell Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $73.84, for a total value of $812,240.00.

Rubrik Trading Up 1.9%

NYSE RBRK opened at $55.91 on Friday. Rubrik, Inc. has a 1 year low of $46.36 and a 1 year high of $103.00. The company has a market cap of $11.19 billion, a PE ratio of -28.67 and a beta of 0.45. The stock’s 50-day moving average price is $61.68 and its two-hundred day moving average price is $73.11.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. The business’s revenue was up 48.3% on a year-over-year basis. During the same period last year, the business earned ($0.21) earnings per share. Research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Rubrik by 73.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after buying an additional 5,077,513 shares during the last quarter. Norges Bank bought a new position in Rubrik during the fourth quarter valued at approximately $345,907,000. First Trust Advisors LP lifted its stake in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Rubrik by 388.7% in the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock valued at $139,309,000 after acquiring an additional 1,237,014 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Rubrik by 101.8% in the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after acquiring an additional 1,229,476 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent analyst reports. Cantor Fitzgerald cut their target price on shares of Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Piper Sandler dropped their price target on Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Citigroup reissued a “buy” rating on shares of Rubrik in a research note on Monday, January 12th. Roth Mkm reaffirmed a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Finally, Barclays dropped their target price on Rubrik from $100.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.11.

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).