Rubrik Sees Unusually Large Options Volume (NYSE:RBRK)

Key Points

• Unusually large options volume: Traders bought 25,008 call options on Rubrik, a roughly 271% increase versus the stock's average daily call volume of 6,742.
• Notable insider activity: Director Mark D. McLaughlin purchased 10,638 shares at about $47.21, while CFO Kiran Kumar Choudary sold 122,613 shares for roughly $5.91 million, and insiders have sold 203,113 shares in the past 90 days.
• Earnings beat and analyst view: Rubrik beat estimates, reporting $0.04 EPS and $377.7M revenue (up 46.3% year-over-year), and analysts rate the stock a "Moderate Buy" with an average price target of $87.71.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors purchased 25,008 call options on the company. This represents an increase of approximately 271% compared to the average daily volume of 6,742 call options.

Insider Buying and Selling

In other news, Director Mark D. Mclaughlin acquired 10,638 shares of the firm's stock in a transaction dated Monday, March 30th. The stock was acquired at an average cost of $47.21 per share, with a total value of $502,219.98. Following the transaction, the director owned 13,639 shares in the company, valued at approximately $643,897.19. This trade represents a 354.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 122,613 shares of the business's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total transaction of $5,909,946.60. Following the transaction, the chief financial officer owned 564,901 shares of the company's stock, valued at approximately $27,228,228.20. The trade was a 17.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 203,113 shares of company stock worth $10,157,582 over the last 90 days. 32.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently modified their holdings of RBRK. NewEdge Advisors LLC boosted its stake in Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock worth $125,000 after purchasing an additional 150 shares during the period. Atlantic Union Bankshares Corp increased its stake in Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company's stock valued at $31,000 after purchasing an additional 200 shares during the period. CI Investments Inc. raised its holdings in shares of Rubrik by 31.7% in the third quarter. CI Investments Inc. now owns 859 shares of the company's stock valued at $71,000 after buying an additional 207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company's stock worth $94,000 after buying an additional 224 shares during the period. Finally, Creative Planning grew its holdings in shares of Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company's stock worth $418,000 after buying an additional 236 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on RBRK shares. BTIG Research started coverage on Rubrik in a report on Friday, March 20th. They set a "buy" rating and a $64.00 price target for the company. Stephens started coverage on Rubrik in a report on Monday, December 29th. They issued an "overweight" rating and a $105.00 price objective on the stock. Mizuho cut their target price on Rubrik from $97.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 17th. Scotiabank set a $70.00 target price on Rubrik and gave the stock a "sector outperform" rating in a research note on Monday. Finally, The Goldman Sachs Group lowered their price target on Rubrik from $120.00 to $80.00 and set a "buy" rating for the company in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average price target of $87.71.

Rubrik Stock Performance

Shares of RBRK stock traded up $1.23 during mid-day trading on Tuesday, hitting $54.83. 1,779,040 shares of the stock were exchanged, compared to its average volume of 4,010,459. The stock's fifty day simple moving average is $51.78 and its two-hundred day simple moving average is $65.45. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of -30.89 and a beta of 0.63. Rubrik has a 12-month low of $42.25 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analysts' expectations of $342.43 million. The firm's revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, research analysts expect that Rubrik will post -1.44 earnings per share for the current fiscal year.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.