Rubrik Sees Unusually Large Options Volume (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) saw unusually large options trading on Tuesday. Traders acquired 25,008 call options on the company. This is an increase of 271% compared to the average daily volume of 6,742 call options.

Rubrik Price Performance

Shares of NYSE RBRK traded up $1.23 during trading on Tuesday, hitting $54.83. 1,779,040 shares of the company were exchanged, compared to its average volume of 4,010,459. Rubrik has a 1 year low of $42.25 and a 1 year high of $103.00. The company has a market cap of $11.09 billion, a price-to-earnings ratio of -30.89 and a beta of 0.63. The firm’s fifty day moving average price is $51.78 and its 200 day moving average price is $65.45.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. During the same quarter in the prior year, the business earned ($0.18) EPS. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. 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 forecast that Rubrik will post -1.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark D. Mclaughlin acquired 10,638 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were purchased at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the transaction, the director directly owned 13,639 shares in the company, valued at approximately $643,897.19. This represents a 354.48% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the completion of the transaction, the chief financial officer directly owned 549,901 shares in the company, valued at $28,424,382.69. This represents a 3.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 203,113 shares of company stock valued at $10,157,582. 32.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bogart Wealth LLC boosted its stake in shares of Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock worth $26,000 after acquiring an additional 243 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners acquired a new position in Rubrik during the third quarter worth $31,000. Atlantic Union Bankshares Corp boosted its position in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Finally, Guerra Advisors Inc purchased a new stake in Rubrik during the third quarter worth $33,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several analyst reports. Scotiabank set a $70.00 target price on shares of Rubrik and gave the company a “sector outperform” rating in a report on Monday. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $110.00 price target on shares of Rubrik in a report on Monday, March 16th. Cantor Fitzgerald reduced their price objective on shares of Rubrik from $105.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Wedbush lowered their price objective on Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Finally, BTIG Research assumed coverage on Rubrik in a research report on Friday, March 20th. They set a “buy” rating and a $64.00 target price on the stock. One research 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 target price of $87.71.

About Rubrik

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).