Rubrik (NYSE:RBRK) Director Sells $745,584.84 in Stock

Key Points

• John Wendell Thompson, a director at Rubrik, sold 9,009 shares for approximately $745,584.84, resulting in a 90.03% decrease in his ownership of the stock.
• Rubrik's quarterly earnings showed a revenue increase of 44.9% year-over-year, with an EPS of ($0.03) exceeding analysts' expectations.
• Several analysts raised Rubrik's price target, with targets now between $95.00 and $125.00, reflecting a general confidence in the company's growth potential.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Wendell Thompson sold 9,009 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $82.76, for a total value of $745,584.84. Following the transaction, the director owned 998 shares of the company's stock, valued at $82,594.48. This represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, September 2nd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $87.83, for a total value of $791,260.47.
• On Friday, August 1st, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $87.29, for a total value of $786,395.61.

Rubrik Trading Up 2.0%

NYSE:RBRK traded up $1.66 during midday trading on Thursday, hitting $84.09. 2,781,719 shares of the company traded hands, compared to its average volume of 3,272,966. The firm's fifty day moving average is $85.73 and its 200-day moving average is $81.21. Rubrik, Inc. has a 12-month low of $31.01 and a 12-month high of $103.00. The firm has a market capitalization of $16.60 billion, a P/E ratio of -35.93 and a beta of 0.25.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to analysts' expectations of $282.25 million. During the same quarter in the previous year, the business earned ($0.40) EPS. The business's revenue for the quarter was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Wells Fargo & Company lifted 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. Wall Street Zen cut Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. KeyCorp boosted their price objective on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 price objective on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $108.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its position in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company's stock worth $26,000 after acquiring an additional 268 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in Rubrik in the second quarter worth $27,000. Beacon Capital Management LLC purchased a new position in Rubrik in the second quarter worth $29,000. PNC Financial Services Group Inc. purchased a new position in Rubrik in the first quarter worth $30,000. Finally, Summit Securities Group LLC purchased a new position in Rubrik in the first quarter worth $31,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.

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