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

Key Points

• Rubrik director Yvonne Wassenaar sold 721 shares for about $84,076 at an average price of $116.61, under a pre-arranged Rule 10b5-1 plan. She retained 2,988 shares after reducing her stake by 19.44%.
• Rubrik shares rose 2.0% to $118.89 on Wednesday. The company’s latest reported quarterly revenue increased 43.9% year over year to $427.26 million, beating analyst estimates.
• Analyst sentiment remains broadly positive: 30 analysts rate Rubrik a Buy and one a Sell, with a consensus rating of “Moderate Buy” and an average price target of $118.04.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 721 shares of the business's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $116.61, for a total transaction of $84,075.81. Following the transaction, the director owned 2,988 shares of the company's stock, valued at $348,430.68. This trade represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $119.00, for a total transaction of $85,799.00.
• 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 value of $64,543.92.

Rubrik Stock Up 2.0%

NYSE:RBRK traded up $2.38 during trading hours on Wednesday, hitting $118.89. 2,433,173 shares of the company's stock traded hands, compared to its average volume of 3,095,918. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $139.92. The business's fifty day simple moving average is $111.67 and its two-hundred day simple moving average is $77.48. The firm has a market cap of $24.65 billion, a P/E ratio of -94.35 and a beta of 1.08.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. Rubrik's revenue was up 43.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. 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 institutional investors and hedge funds have recently modified their holdings of RBRK. V Square Quantitative Management LLC bought a new stake in shares of Rubrik in the 3rd quarter valued at about $27,000. Essential Partners LLC boosted its holdings in Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock valued at $28,000 after acquiring an additional 284 shares during the period. Sunbelt Securities Inc. purchased a new stake in Rubrik during the 1st quarter valued at about $46,000. Markowski Investments bought a new position in Rubrik during the 2nd quarter worth approximately $48,000. Finally, CoreCap Advisors LLC grew its position in Rubrik by 268.2% during the 3rd quarter. CoreCap Advisors LLC now owns 545 shares of the company's stock worth $62,000 after acquiring an additional 397 shares during the last quarter. 49.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RBRK. UBS Group restated a "buy" rating and set a $106.00 price objective on shares of Rubrik in a research report on Wednesday, August 19th. Barclays raised their price target on Rubrik from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. Wells Fargo & Company upped their price objective on Rubrik from $90.00 to $120.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. BMO Capital Markets increased their price objective on Rubrik from $98.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, August 28th. Finally, Oppenheimer set a $120.00 price objective on Rubrik in a report on Thursday, August 20th. Thirty equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average target price of $118.04.

Rubrik Company Profile

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company's Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.

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