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

Key Points

• Rubrik, Inc. Director John Wendell Thompson sold 9,009 shares of stock on August 1st for approximately $786,395.61, reducing his ownership by 90.03%.
• The company reported earnings per share (EPS) of ($0.15), exceeding analyst estimates, with revenues increasing by 48.7% year-over-year to $278.48 million.
• Institutional investors recently acquired significant stakes in Rubrik, indicating strong interest, as they now own 49.54% of the company’s stock.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Wendell Thompson sold 9,009 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $786,395.61. Following the completion of the transaction, the director owned 998 shares in the company, valued at $87,115.42. The trade was a 90.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, July 1st, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $85.96, for a total value of $774,413.64.
• 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.

Rubrik Stock Performance

Shares of RBRK traded down $1.97 during mid-day trading on Friday, reaching $87.77. The company had a trading volume of 839,625 shares, compared to its average volume of 3,045,133. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of -31.09 and a beta of 0.45. The firm has a 50-day moving average price of $89.65 and a 200 day moving average price of $77.02. Rubrik, Inc. has a 52 week low of $29.18 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping 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. The business's revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.58) EPS. As a group, research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently modified their holdings of RBRK. FMR LLC raised its holdings in shares of Rubrik by 172.6% during 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. Voloridge Investment Management LLC purchased a new stake in Rubrik during the 4th quarter valued at $85,331,000. Acadian Asset Management LLC lifted its holdings in shares of Rubrik by 388.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company's stock valued at $139,309,000 after buying an additional 1,237,014 shares during the period. Bank of America Corp DE boosted its stake in shares of Rubrik by 1,305.1% in the 4th quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock worth $72,994,000 after buying an additional 1,037,319 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Rubrik by 107.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,949,047 shares of the company's stock worth $175,049,000 after buying an additional 1,009,610 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RBRK. Wedbush raised their price target on shares of Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Mizuho downgraded shares of Rubrik from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. KeyCorp restated an "overweight" rating and set a $113.00 price target (up from $98.00) on shares of Rubrik in a research report on Friday, June 6th. Wells Fargo & Company raised their price target on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Finally, Oppenheimer reissued a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

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.