Insider Selling: Rubrik, Inc. (NYSE:RBRK) Director Sells 2,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 2,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $99.98, for a total transaction of $199,960.00. Following the completion of the transaction, the director now directly owns 153 shares of the company's stock, valued at approximately $15,296.94. This trade represents a 92.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, May 5th, Yvonne Wassenaar sold 2,000 shares of Rubrik stock. The stock was sold at an average price of $72.24, for a total transaction of $144,480.00.
• On Tuesday, March 18th, Yvonne Wassenaar sold 3,000 shares of Rubrik stock. The stock was sold at an average price of $70.03, for a total transaction of $210,090.00.

Rubrik Price Performance

NYSE RBRK traded down $0.54 during midday trading on Friday, hitting $98.03. 6,567,499 shares of the company traded hands, compared to its average volume of 2,158,031. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $103.00. The company's 50-day simple moving average is $75.32 and its 200-day simple moving average is $69.25. The company has a market cap of $18.60 billion, a PE ratio of -34.64 and a beta of 0.87.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. During the same quarter in the prior year, the business posted ($1.58) earnings per share. The firm's quarterly revenue was up 48.7% on a year-over-year basis. On average, research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RBRK. Mizuho lowered Rubrik from an "outperform" rating to a "neutral" rating and lifted their price target for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Friday. Guggenheim increased their price target on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company raised their price target on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Roth Capital boosted their price objective on shares of Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.81.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock valued at $423,512,000 after acquiring an additional 616,917 shares in the last quarter. Norges Bank purchased a new stake in Rubrik during the 4th quarter worth approximately $277,395,000. FMR LLC raised its holdings in shares of Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after buying an additional 2,065,444 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Rubrik by 26.6% during the fourth quarter. First Trust Advisors LP now owns 3,156,035 shares of the company's stock valued at $206,278,000 after buying an additional 662,914 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Rubrik by 27.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company's stock worth $129,359,000 after acquiring an additional 427,149 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.