Rubrik (NYSE:RBRK) Director Sells $815,100.00 in Stock

Key Points

• Rubrik director John Wendell Thompson sold 11,000 shares for $815,100 at an average price of $74.10 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 56.81% to 8,362 shares.
• Rubrik shares recently traded at $81.11, with a 12-month range of $42.25 to $99.75. The company beat quarterly earnings and revenue expectations, while revenue increased 39% year over year.
• Analysts remain broadly positive, with 29 Buy ratings and one Sell rating, a “Moderate Buy” consensus, and an average price target of $94.20.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $74.10, for a total value of $815,100.00. Following the completion of the sale, the director owned 8,362 shares of the company's stock, valued at $619,624.20. The trade was a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $74.11, for a total transaction of $185,275.00.
• On Wednesday, July 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $82.75, for a total value of $206,875.00.
• On Wednesday, July 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $82.65, for a total value of $909,150.00.
• On Monday, June 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $84.51, for a total value of $211,275.00.
• On Monday, June 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $84.55, for a total value of $930,050.00.

Rubrik Price Performance

Rubrik stock traded up $6.37 during mid-day trading on Tuesday, reaching $81.11. 3,087,250 shares of the stock traded hands, compared to its average volume of 2,430,853. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $99.75. The business's 50-day moving average is $76.35 and its 200-day moving average is $62.86. The stock has a market capitalization of $16.69 billion, a PE ratio of -55.94 and a beta of 1.17.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same quarter last year, the company earned ($0.15) EPS. Rubrik's revenue for the quarter was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts anticipate that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

RBRK has been the subject of a number of analyst reports. Barclays upped their price target on Rubrik from $70.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, June 5th. Stephens reiterated an "overweight" rating and set a $90.00 price objective on shares of Rubrik in a research note on Monday, June 15th. Loop Capital started coverage on shares of Rubrik in a report on Monday. They issued a "buy" rating and a $100.00 target price for the company. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Finally, Truist Financial reaffirmed a "buy" rating and set a $90.00 price target (up from $80.00) on shares of Rubrik in a report on Friday, June 5th. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.20.

Institutional Investors Weigh In On Rubrik

A number of institutional investors have recently added to or reduced their stakes in RBRK. Norges Bank bought a new position in Rubrik during the fourth quarter valued at $345,907,000. First Trust Advisors LP raised its position in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock valued at $540,259,000 after buying an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after buying an additional 1,696,342 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock valued at $1,123,836,000 after acquiring an additional 1,678,255 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Rubrik in the 3rd quarter valued at about $97,828,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company's platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).

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