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 firm's stock in a transaction 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 in the company, valued at approximately $85,788.08. This trade represents a 90.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

Rubrik Trading Down 5.7%

Shares of NYSE:RBRK traded down $5.26 on Thursday, reaching $86.33. 5,209,498 shares of the company traded hands, compared to its average volume of 2,536,921. The business's 50-day simple moving average is $88.23 and its 200 day simple moving average is $74.02. Rubrik, Inc. has a 52 week low of $28.60 and a 52 week high of $103.00. The stock has a market capitalization of $16.70 billion, a P/E ratio of -30.51 and a beta of 0.46.

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 the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analysts' expectations of $260.39 million. During the same quarter last year, the business earned ($1.58) earnings per share. The business's quarterly revenue was up 48.7% on a year-over-year basis. Sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBRK. Wells Fargo & Company boosted their price objective on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Cantor Fitzgerald boosted their price objective on Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Truist Financial boosted their price objective on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Oppenheimer restated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Finally, Robert W. Baird upped their price objective on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Three equities research 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 stock. According to MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position 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 bought a new position in shares of Rubrik during the 4th quarter valued at $277,395,000. FMR LLC boosted its stake in shares of Rubrik by 172.6% in the 4th 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 increased its position in 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 acquiring an additional 662,914 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Rubrik by 15.0% in the first quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock valued at $137,035,000 after acquiring an additional 293,275 shares during the period. Institutional investors own 49.54% of the company's stock.

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.