Rubrik (NYSE:RBRK) Shares Down 4.6% on Insider Selling

Rubrik, Inc. (NYSE:RBRK) shares were down 4.6% on Tuesday after an insider sold shares in the company. The company traded as low as $94.16 and last traded at $93.5390. Approximately 866,010 shares traded hands during trading, a decline of 77% from the average session volume of 3,704,411 shares. The stock had previously closed at $98.04.

Specifically, CFO Kiran Kumar Choudary sold 10,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the sale, the chief financial officer owned 978,073 shares of the company’s stock, valued at $96,164,137.36. This represents a 1.01% 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.

Analyst Ratings Changes

A number of research firms have commented on RBRK. Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a report on Friday, June 5th. The Goldman Sachs Group restated a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a report on Monday. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research report on Tuesday. Finally, Mizuho boosted their price objective on Rubrik from $90.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and an average target price of $104.56.

Rubrik Trading Up 4.0%

The business has a fifty day moving average price of $83.75 and a two-hundred day moving average price of $66.85. The firm has a market capitalization of $19.84 billion, a PE ratio of -66.46 and a beta of 1.17.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same period in the previous year, the company earned ($0.15) EPS. The company’s quarterly revenue was up 39.0% compared to the same quarter last year. 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 forecast that Rubrik, Inc. will post -1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in the stock. Essential Partners LLC raised its position in Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of Rubrik by 100.0% during 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 period. Triumph Capital Management purchased a new position in shares of Rubrik during the fourth quarter worth $33,000. Banque Cantonale Vaudoise acquired a new stake in shares of Rubrik in the third quarter valued at $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Rubrik in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

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).