Insider Selling: Rubrik (NYSE:RBRK) Director Sells $54,075.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00. Following the sale, the director owned 3,917 shares of the company’s stock, valued at approximately $293,775. The trade was a 15.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $81.57, for a total value of $58,811.97.
• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The shares were 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 stock was sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Trading Up 8.5%

Shares of RBRK stock traded up $6.37 during trading hours on Tuesday, reaching $81.11. The stock had a trading volume of 3,087,250 shares, compared to its average volume of 2,430,853. The stock’s fifty day simple moving average is $76.35 and its 200 day simple moving average is $62.86. The firm has a market capitalization of $16.69 billion, a PE ratio of -55.94 and a beta of 1.17. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $99.75.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter 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. As a group, equities research analysts anticipate that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently bought and sold shares of the business. Essential Partners LLC boosted its holdings 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 acquiring an additional 284 shares in the last quarter. Atlantic Union Bankshares Corp lifted 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 period. Triumph Capital Management bought a new stake in Rubrik during the 4th quarter valued at approximately $33,000. Banque Cantonale Vaudoise purchased a new position in shares of Rubrik during the 3rd quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Rubrik during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RBRK shares. Piper Sandler restated an “overweight” rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. KeyCorp lifted their price target on Rubrik from $88.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Citigroup increased their price objective on Rubrik from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a report on Thursday, June 11th. Finally, Barclays upped their target price on Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.20.

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).