Rubrik (NYSE:RBRK) Stock: Insider John Wendell Thompson Sells 11,000 Shares

Key Points

• Director John Wendell Thompson sold 11,000 Rubrik shares at an average price of $115.69, generating $1.27 million; his direct ownership fell 56.81% to 8,362 shares. The sale occurred under a pre-arranged Rule 10b5-1 trading plan.
• Rubrik shares rose 2.8% to $118.67, near their 52-week high of $118.82, while the company reported quarterly revenue of $427.26 million, up 43.9% year over year, and earnings that exceeded analyst expectations.
• Analyst sentiment remains broadly positive, with 28 Buy ratings and one Sell rating, an overall “Moderate Buy” consensus, and an average price target of $114.42. Institutional investors and hedge funds own approximately 49.54% of the company.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the transaction, the director directly owned 8,362 shares in the company, valued at approximately $967,399.78. This trade represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $115.68, for a total value of $289,200.00.
• 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 Tuesday, September 1st, John Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $89.03, for a total value of $979,330.00.
• On Monday, August 3rd, John Thompson sold 11,000 shares of Rubrik stock. The stock was 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 stock was sold at an average price of $74.11, for a total value of $185,275.00.

Rubrik Trading Up 2.8%

NYSE:RBRK traded up $3.27 on Friday, hitting $118.67. 3,092,771 shares of the company's stock traded hands, compared to its average volume of 3,707,060. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $118.82. The firm has a 50-day moving average price of $95.72 and a 200-day moving average price of $75.65. The company has a market cap of $24.60 billion, a PE ratio of -94.19 and a beta of 1.11.

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, topping 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. 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. On average, research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RBRK shares. Weiss Ratings restated a "sell (d-)" rating on shares of Rubrik in a report on Monday, September 21st. Cantor Fitzgerald reiterated an "overweight" rating and set a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Piper Sandler lifted their price objective on Rubrik from $91.00 to $114.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. Mizuho boosted their target price on Rubrik from $90.00 to $112.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird upped their target price on Rubrik from $130.00 to $139.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.42.

Institutional Inflows and Outflows

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

Rubrik Company Profile

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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