Rubrik (NYSE:RBRK) Director Purchases $502,219.98 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Mark Mclaughlin purchased 10,638 shares of Rubrik stock in a transaction dated Monday, March 30th. The shares were acquired at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the transaction, the director directly owned 13,639 shares of the company’s stock, valued at approximately $643,897.19. This represents a 354.48% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rubrik Price Performance

Shares of NYSE RBRK traded up $2.36 during midday trading on Thursday, hitting $50.95. The company’s stock had a trading volume of 1,529,276 shares, compared to its average volume of 4,053,141. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of -28.79 and a beta of 0.63. The business’s fifty day simple moving average is $53.70 and its two-hundred day simple moving average is $68.25. Rubrik, Inc. has a 1 year low of $44.75 and a 1 year high of $103.00.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analysts’ expectations of $342.43 million. Rubrik’s quarterly revenue was up 46.3% on a year-over-year basis. During the same period in the previous year, the company earned ($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. Analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC grew its stake in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after buying an additional 243 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares during the period. Financial Life Planners purchased a new position in Rubrik during the 3rd quarter worth $31,000. Guerra Advisors Inc purchased a new position in Rubrik during the 3rd quarter worth $33,000. Finally, Atlantic Union Bankshares Corp increased its stake in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RBRK. DA Davidson set a $70.00 price objective on Rubrik in a research note on Friday, March 13th. Wedbush lowered their target price on Rubrik from $120.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. KeyCorp reduced their price target on Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a research note on Friday, March 27th. Finally, Stephens initiated coverage on Rubrik in a research report on Monday, December 29th. They set an “overweight” rating and a $105.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.10.

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).