Rubrik (NYSE:RBRK) Director Sells 11,000 Shares

Key Points

• Rubrik director John Thompson sold 11,000 shares at an average price of $89.03, generating $979,330; the Rule 10b5-1 transaction reduced his direct ownership by 56.81% to 8,362 shares.
• Rubrik reported quarterly EPS of $0.20 versus the $0.04 consensus estimate, while revenue rose 43.9% year over year to $427.26 million, exceeding expectations.
• Analysts remain broadly bullish, with 29 Buy ratings and one Sell rating; the consensus is “Moderate Buy” with an average price target of $112.15, compared with the stock’s reported price of $92.15.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Thompson sold 11,000 shares of Rubrik stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $89.03, for a total value of $979,330.00. Following the transaction, the director directly owned 8,362 shares of the company's stock, valued at approximately $744,468.86. This represents a 56.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Wendell Thompson also recently made the following trade(s):

• On Tuesday, September 1st, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $89.04, for a total value of $222,600.00.
• On Monday, August 3rd, John Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $74.10, for a total value of $815,100.00.
• On Monday, August 3rd, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $74.11, for a total value of $185,275.00.
• On Wednesday, July 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $82.75, for a total value of $206,875.00.
• On Wednesday, July 1st, John Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $82.65, for a total transaction of $909,150.00.

Rubrik Stock Performance

NYSE RBRK traded up $4.97 during trading hours on Thursday, reaching $92.15. The company's stock had a trading volume of 3,907,118 shares, compared to its average volume of 3,958,328. The stock has a market cap of $18.97 billion, a PE ratio of -73.13 and a beta of 1.24. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $107.91. The company's 50-day moving average is $86.36 and its two-hundred day moving average is $68.52.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business's revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Equities analysts expect that Rubrik, Inc. will post -1.21 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company's stock worth $1,186,676,000 after purchasing an additional 14,609,375 shares during the period. First Trust Advisors LP grew its position in shares of Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock valued at $540,259,000 after purchasing an additional 2,116,272 shares during the period. Norges Bank acquired a new position in Rubrik in the fourth quarter valued at $345,907,000. Pictet Asset Management Holding SA increased its stake in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company's stock worth $193,433,000 after buying an additional 178,714 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Piper Sandler raised their price target on Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a research report on Friday, August 28th. Truist Financial boosted their price target on Rubrik from $90.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Guggenheim upped their price objective on Rubrik from $110.00 to $116.00 and gave the company a "buy" rating in a research report on Monday, August 24th. Finally, Oppenheimer set a $120.00 price objective on Rubrik in a research note on Thursday, August 20th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $112.15.

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).

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