Insider Selling: Rubrik (NYSE:RBRK) Director Sells $85,799.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $119.00, for a total value of $85,799.00. Following the completion of the sale, the director owned 2,988 shares in the company, valued at $355,572. This represents a 19.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $89.52, for a total transaction of $64,543.92.
• On Monday, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00.

Rubrik Price Performance

Shares of NYSE RBRK traded up $3.25 during mid-day trading on Tuesday, hitting $125.93. The company had a trading volume of 2,574,401 shares, compared to its average volume of 3,703,394. The company has a market capitalization of $26.10 billion, a PE ratio of -99.94 and a beta of 1.12. The business’s 50-day simple moving average is $97.59 and its 200 day simple moving average is $76.62. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $127.90.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. The company’s revenue for the quarter was up 43.9% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, analysts expect that Rubrik, Inc. will post -1.19 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RBRK. Essential Partners LLC grew its position in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the last quarter. Eventide Asset Management LLC raised its position in Rubrik by 2.7% in the 4th quarter. Eventide Asset Management LLC now owns 11,426 shares of the company’s stock valued at $877,000 after purchasing an additional 304 shares during the last quarter. Versant Capital Management Inc boosted its stake in Rubrik by 54.6% during the 2nd quarter. Versant Capital Management Inc now owns 926 shares of the company’s stock worth $74,000 after purchasing an additional 327 shares during the period. Novare Capital Management LLC grew its position in Rubrik by 7.6% during the 1st quarter. Novare Capital Management LLC now owns 7,320 shares of the company’s stock worth $358,000 after purchasing an additional 520 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Rubrik by 46.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,852 shares of the company’s stock worth $149,000 after purchasing an additional 591 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RBRK shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Citigroup lifted their price target on Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Piper Sandler upped their price objective on Rubrik from $91.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. KeyCorp increased their price objective on Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Finally, DA Davidson raised their target price on Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.42.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.