John Wendell Thompson Sells 9,009 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $85.96, for a total transaction of $774,413.64. Following the completion of the sale, the director directly owned 998 shares in the company, valued at $85,788.08. This trade represents a 90.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 2nd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $98.21, for a total transaction of $884,773.89.
• On Thursday, May 1st, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $71.45, for a total value of $643,693.05.

Rubrik Stock Down 3.1%

Shares of RBRK traded down $2.83 during mid-day trading on Tuesday, reaching $87.02. 3,967,941 shares of the stock traded hands, compared to its average volume of 2,503,804. The stock has a fifty day simple moving average of $87.52 and a 200 day simple moving average of $73.77. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of -30.75 and a beta of 0.46. Rubrik, Inc. has a 12-month low of $28.60 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $260.39 million. The business's quarterly revenue was up 48.7% on a year-over-year basis. During the same period in the previous year, the company earned ($1.58) earnings per share. On average, equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Mizuho lowered shares of Rubrik from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $75.00 to $86.00 in a report on Thursday, May 15th. UBS Group restated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Wells Fargo & Company lifted their target price on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Finally, Cantor Fitzgerald upped their price target on Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in Rubrik by 5,356.8% during the second quarter. Parallel Advisors LLC now owns 2,401 shares of the company's stock worth $215,000 after purchasing an additional 2,357 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Rubrik by 15.0% in the 1st quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock worth $137,035,000 after buying an additional 293,275 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock valued at $182,000 after buying an additional 2,000 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Rubrik by 4,007.4% in the 1st quarter. Acadian Asset Management LLC now owns 318,238 shares of the company's stock valued at $19,393,000 after buying an additional 310,490 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Rubrik by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 715,953 shares of the company's stock valued at $43,659,000 after buying an additional 48,724 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors.

Rubrik Company Profile

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.