Rubrik, Inc. (NYSE:RBRK) Director Sells $786,395.61 in 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 transaction of $786,395.61. Following the completion of the sale, the director owned 998 shares of the company's stock, valued at approximately $87,115.42. The trade was a 90.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 transaction of $774,413.64.
• 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.

Rubrik Stock Performance

Shares of RBRK traded up $5.02 during mid-day trading on Monday, reaching $92.67. The company had a trading volume of 2,417,451 shares, compared to its average volume of 3,060,462. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of -32.75 and a beta of 0.45. The firm has a 50-day moving average price of $89.95 and a 200 day moving average price of $76.52. Rubrik, Inc. has a 52 week low of $28.60 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

Institutional investors and hedge funds have recently made changes to their positions in the company. Pathway Capital Management LP purchased a new stake in Rubrik during the 2nd quarter valued at $57,624,000. Strs Ohio purchased a new position in shares of Rubrik during the second quarter valued at approximately $2,925,000. Amalgamated Bank bought a new position in Rubrik during the second quarter valued at approximately $571,000. Assetmark Inc. boosted its holdings in Rubrik by 4.3% in the second quarter. Assetmark Inc. now owns 15,151 shares of the company's stock worth $1,357,000 after purchasing an additional 622 shares during the last quarter. Finally, Keybank National Association OH grew its position in Rubrik by 100.0% in the 2nd quarter. Keybank National Association OH now owns 9,095 shares of the company's stock worth $815,000 after purchasing an additional 4,548 shares during the period. Institutional investors own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RBRK. Rosenblatt Securities boosted their target price on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company increased 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. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Wedbush increased their price target on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, Robert W. Baird raised their price target on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Rubrik presently has an average rating of "Moderate Buy" and an average price target 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.

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