Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 2,838 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,838 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $212,850.00. Following the completion of the sale, the director directly owned 2,326 shares in the company, valued at $174,450. This represents a 54.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rubrik Price Performance

RBRK opened at $85.20 on Tuesday. The stock has a market capitalization of $17.23 billion, a PE ratio of -48.13 and a beta of 1.09. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $103.00. The firm’s fifty day moving average price is $56.47 and its 200 day moving average price is $62.38.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period last year, the company posted ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, equities research analysts forecast that Rubrik, Inc. will post -1.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Rubrik by 1,360.0% in the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the last quarter. Financial Life Planners acquired a new position in Rubrik in the third quarter worth approximately $31,000. Guerra Advisors Inc acquired a new position in Rubrik in the third quarter worth approximately $33,000. Atlantic Union Bankshares Corp increased its holdings in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Rubrik in the third quarter worth approximately $34,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Guggenheim restated a “buy” rating and set a $110.00 price target on shares of Rubrik in a research report on Friday, March 13th. Scotiabank set a $70.00 price objective on shares of Rubrik and gave the company a “sector outperform” rating in a research report on Monday, April 20th. Citigroup reduced their price objective on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Barclays reduced their price objective on shares of Rubrik from $100.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Finally, Robert W. Baird reduced their price objective on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.12.

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).