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Rubrik (NYSE:RBRK) Stock Price Down 1.3% Following Insider Selling

Rubrik logo with Computer and Technology background

Key Points

  • Rubrik's stock price declined by 1.3% after an insider sold shares, with significant insider sales from both the director and CFO decreasing their ownership stakes.
  • Analysts have raised price targets for Rubrik, with CIBC setting a new target of $130.00 and a consensus target price of $108.67 across multiple firms.
  • Rubrik reported a revenue increase of 44.9% year-over-year, with earnings per share surpassing analysts' estimates in their latest quarterly results.
  • MarketBeat previews top five stocks to own in November.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) dropped 1.3% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $82.39 and last traded at $82.83. Approximately 2,369,333 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 3,268,215 shares. The stock had previously closed at $83.94.

Specifically, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total value of $745,584.84. Following the completion of the sale, the director directly owned 998 shares in the company, valued at approximately $82,594.48. This trade represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $82.68, for a total value of $289,380.00. Following the completion of the sale, the chief financial officer owned 513,551 shares of the company's stock, valued at approximately $42,460,396.68. This trade represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RBRK. CIBC raised their price objective on Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a research note on Thursday, September 11th. Truist Financial raised their price objective on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. KeyCorp raised their price objective on Rubrik from $113.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. BMO Capital Markets restated an "outperform" rating and issued a $110.00 price objective (up from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Finally, Barclays raised their price objective on Rubrik from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $108.67.

Read Our Latest Stock Report on Rubrik

Rubrik Price Performance

The firm has a fifty day simple moving average of $85.70 and a 200 day simple moving average of $81.31. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of -35.40 and a beta of 0.24.

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

Institutional Trading of Rubrik

A number of institutional investors have recently made changes to their positions in RBRK. California State Teachers Retirement System boosted its stake in Rubrik by 22.1% during the fourth quarter. California State Teachers Retirement System now owns 56,279 shares of the company's stock worth $3,678,000 after buying an additional 10,191 shares during the last quarter. Rhumbline Advisers boosted its stake in Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares during the last quarter. Stablepoint Partners LLC boosted its stake in Rubrik by 45.9% during the first quarter. Stablepoint Partners LLC now owns 17,595 shares of the company's stock worth $1,073,000 after buying an additional 5,533 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Rubrik in the first quarter valued at $820,000. Finally, Pursue Wealth Partners LLC purchased a new stake in Rubrik in the first quarter valued at $2,313,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Company Profile

(Get Free Report)

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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