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 business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $98.21, for a total value of $884,773.89. Following the transaction, the director now directly owns 998 shares in the company, valued at $98,013.58. This trade represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 transaction of $643,693.05.
• On Tuesday, April 1st, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $60.19, for a total transaction of $542,251.71.

Rubrik Trading Down 0.5%

RBRK traded down $0.54 on Friday, hitting $98.03. 6,546,974 shares of the company's stock were exchanged, compared to its average volume of 2,153,919. The stock has a fifty day moving average of $74.56 and a two-hundred day moving average of $68.88. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $105.48. The firm has a market cap of $18.60 billion and a PE ratio of -7.11.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly 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 company had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. The firm's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.58) earnings per share. On average, analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Investors Weigh In On Rubrik

A number of hedge funds have recently added to or reduced their stakes in the stock. Amundi grew its position in shares of Rubrik by 0.7% during the first quarter. Amundi now owns 37,116 shares of the company's stock worth $2,132,000 after acquiring an additional 262 shares during the last quarter. NewEdge Advisors LLC lifted its position in Rubrik by 31.6% in the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock valued at $76,000 after purchasing an additional 300 shares during the last quarter. Comerica Bank boosted its stake in 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 period. Russell Investments Group Ltd. bought a new position in Rubrik in the 4th quarter worth about $28,000. Finally, KBC Group NV grew its position in Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after purchasing an additional 430 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wedbush reissued an "outperform" rating and issued a $120.00 price target (up previously from $80.00) on shares of Rubrik in a report on Friday. Wells Fargo & Company lifted their price objective on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday. William Blair assumed coverage on Rubrik in a research note on Friday, February 7th. They set a "market perform" rating for the company. Finally, Cantor Fitzgerald raised their price target on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.81.

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.