Rubrik, Inc. (NYSE:RBRK) Director Sells $176,420.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $88.21, for a total transaction of $176,420.00. Following the completion of the sale, the director directly owned 2,855 shares of the company's stock, valued at $251,839.55. This trade represents a 41.19% 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 hyperlink.

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

• On Tuesday, June 3rd, Yvonne Wassenaar sold 2,000 shares of Rubrik stock. The shares were sold at an average price of $99.98, for a total transaction of $199,960.00.
• On Monday, May 5th, Yvonne Wassenaar sold 2,000 shares of Rubrik stock. The shares were sold at an average price of $72.24, for a total value of $144,480.00.

Rubrik Stock Down 3.1%

Shares of NYSE:RBRK traded down $2.83 during midday trading on Tuesday, reaching $87.02. 3,967,941 shares of the company traded hands, compared to its average volume of 2,496,982. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of -30.75 and a beta of 0.46. The firm's fifty day moving average price is $87.19 and its two-hundred day moving average price is $73.68.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen raised Rubrik from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Roth Capital lifted their price objective on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. KeyCorp reiterated an "overweight" rating and issued a $113.00 price objective (up from $98.00) on shares of Rubrik in a research report on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a research report on Friday, June 6th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 price objective (up from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Three investment 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 data from MarketBeat, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently added to or reduced their stakes in RBRK. Russell Investments Group Ltd. bought a new position in Rubrik in the 4th quarter worth about $28,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the 1st quarter valued at about $30,000. Summit Securities Group LLC bought a new position in shares of Rubrik during the 1st quarter valued at about $31,000. Comerica Bank increased its position in shares of Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after purchasing an additional 395 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new position in shares of Rubrik during the 4th quarter valued at about $39,000. 49.54% of the stock is currently owned by institutional investors.

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.

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