Rubrik (NYSE:RBRK) Director Sells $85,799.00 in Stock

Key Points

• Rubrik director Yvonne Wassenaar sold 721 shares for $85,799 at an average price of $119 under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 19.44% to 2,988 shares.
• Rubrik shares rose 2.6% to $125.93, near their 52-week high of $127.90. The company reported quarterly revenue of $427.26 million, up 43.9% year over year, and exceeded analyst earnings and revenue expectations.
• Wall Street remains broadly positive, with 28 Buy ratings and one Sell rating producing a consensus “Moderate Buy” rating and an average price target of $114.42; institutional investors own 49.54% of the stock.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 721 shares of the firm's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $119.00, for a total transaction of $85,799.00. Following the completion of the transaction, the director directly owned 2,988 shares in the company, valued at approximately $355,572. This represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 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 transaction of $64,543.92.
• On Monday, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total transaction of $54,075.00.

Rubrik Stock Up 2.6%

RBRK traded up $3.25 during trading on Tuesday, reaching $125.93. The company's stock had a trading volume of 2,574,401 shares, compared to its average volume of 3,703,394. The firm has a fifty day simple moving average of $97.59 and a two-hundred day simple moving average of $76.62. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $127.90. The company has a market cap of $26.10 billion, a price-to-earnings ratio of -99.94 and a beta of 1.12.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analysts' expectations of $396.30 million. During the same quarter last year, the company earned ($0.03) earnings per share. Rubrik's revenue for the quarter 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. As a group, equities analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RBRK shares. Stephens reiterated an "overweight" rating on shares of Rubrik in a report on Friday, August 28th. Truist Financial upped their price objective on shares of Rubrik from $90.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Rubrik in a research report on Monday, September 21st. KeyCorp lifted their target price on shares of Rubrik from $112.00 to $120.00 and gave the stock an "overweight" rating in a research note on Friday, August 28th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Rubrik in a report on Wednesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.42.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently modified their holdings of RBRK. Pictet Asset Management Holding SA lifted its position 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 buying an additional 1,696,342 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company's stock valued at $22,514,000 after acquiring an additional 28,056 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Rubrik by 17.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company's stock worth $34,249,000 after acquiring an additional 103,538 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Rubrik by 36.6% during the 1st quarter. Cetera Investment Advisers now owns 87,025 shares of the company's stock worth $4,262,000 after purchasing an additional 23,320 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Rubrik by 37.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 57,372 shares of the company's stock valued at $2,810,000 after purchasing an additional 15,643 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

About Rubrik

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company's primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.

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