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

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

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 stock was 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 Trading Down 4.6%

Shares of RBRK traded down $4.19 during midday trading on Thursday, reaching $87.40. 799,764 shares of the company were exchanged, compared to its average volume of 2,513,613. The stock has a 50-day moving average price of $87.93 and a 200-day moving average price of $73.89. The company has a market cap of $16.91 billion, a price-to-earnings ratio of -30.82 and a beta of 0.46. Rubrik, Inc. has a 1-year low of $28.60 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. The company's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.58) EPS. Equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RBRK. Wall Street Zen upgraded Rubrik from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Mizuho lowered Rubrik from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Finally, Guggenheim boosted their price target on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Voloridge Investment Management LLC acquired a new position in shares of Rubrik during the fourth quarter worth about $85,331,000. Green Alpha Advisors LLC boosted its holdings in Rubrik by 53.4% in the first quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock valued at $495,000 after purchasing an additional 2,824 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Rubrik by 2,899.7% in the fourth quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after purchasing an additional 303,305 shares during the last quarter. FMR LLC boosted its holdings in Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after purchasing an additional 2,065,444 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after purchasing an additional 418,457 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

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.