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

Key Points

• Rubrik director Yvonne Wassenaar sold 721 shares at an average price of $89.52, generating $64,543.92. The Rule 10b5-1 transaction reduced her direct ownership by 16.28% to 3,709 shares.
• Rubrik reported quarterly EPS of $0.20, beating the $0.04 consensus estimate, while revenue rose 43.9% year over year to $427.26 million. Shares recently traded at $92.15, with a 52-week range of $42.25 to $107.91.
• Analyst sentiment remains favorable, with 29 Buy ratings and one Sell rating, producing a consensus “Moderate Buy” rating and a $112.15 price target. Institutional investors and hedge funds own approximately 49.54% of the company.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 721 shares of Rubrik stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the transaction, the director directly owned 3,709 shares of the company's stock, valued at $332,029.68. This represents a 16.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00.
• 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 transaction 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.

Rubrik Stock Performance

Shares of NYSE RBRK traded up $4.97 during trading on Thursday, reaching $92.15. The company had a trading volume of 3,907,118 shares, compared to its average volume of 3,958,328. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $107.91. The business's 50 day moving average price is $86.36 and its 200-day moving average price is $68.52. The stock has a market cap of $18.97 billion, a PE ratio of -73.13 and a beta of 1.24.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. Rubrik's revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period last 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. Equities analysts anticipate that Rubrik, Inc. will post -1.21 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on RBRK. Cantor Fitzgerald reiterated an "overweight" rating and issued a $120.00 price objective on shares of Rubrik in a research report on Friday, August 28th. The Goldman Sachs Group reiterated a "buy" rating on shares of Rubrik in a report on Wednesday, August 19th. Mizuho lifted their price objective on Rubrik from $90.00 to $112.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Loop Capital assumed coverage on Rubrik in a report on Monday, August 3rd. They set a "buy" rating and a $100.00 price objective for the company. Finally, Stephens restated an "overweight" rating on shares of Rubrik in a research report on Friday, August 28th. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rubrik has a consensus rating of "Moderate Buy" and a consensus price target of $112.15.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Comerica Bank increased its holdings in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after purchasing an additional 395 shares during the last quarter. Royal Bank of Canada boosted its holdings in Rubrik by 231.3% during the first quarter. Royal Bank of Canada now owns 29,320 shares of the company's stock worth $1,789,000 after buying an additional 20,471 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock worth $76,000 after buying an additional 300 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock worth $57,343,000 after buying an additional 236,181 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

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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