Insider Selling: Rubrik (NYSE:RBRK) Director Sells 721 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $81.57, for a total value of $58,811.97. Following the sale, the director directly owned 4,638 shares of the company’s stock, valued at approximately $378,321.66. This trade represents a 13.45% decrease in their position. The transaction was disclosed in a legal 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.

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

• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $50,700.00.
• On Wednesday, June 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $80.73, for a total transaction of $58,206.33.
• On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Stock Up 2.0%

NYSE:RBRK traded up $1.64 on Wednesday, reaching $81.92. 4,747,568 shares of the company’s stock were exchanged, compared to its average volume of 4,421,982. The business has a fifty day moving average of $67.06 and a 200-day moving average of $62.31. Rubrik, Inc. has a 52-week low of $42.25 and a 52-week high of $99.75.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Institutional Investors Weigh In On Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the stock. Essential Partners LLC lifted its position in shares of 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 acquiring an additional 284 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Rubrik in the first quarter worth approximately $506,000. Smith Group Asset Management LLC purchased a new stake in Rubrik in the first quarter valued at approximately $617,000. ADAR1 Capital Management LLC purchased a new stake in shares of Rubrik during the 1st quarter valued at $240,000. Finally, Sunbelt Securities Inc. acquired a new stake in Rubrik during the first quarter worth about $46,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RBRK shares. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Rubrik in a report on Friday, June 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a research report on Friday, June 26th. Citigroup upped their price objective on Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, BTIG Research reiterated a “buy” rating and issued a $91.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.00.

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).