Rubrik (NYSE:RBRK – Get Free Report) released its earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16, FiscalAI reports.
Rubrik Stock Performance
Shares of RBRK stock traded up $11.04 on Thursday, hitting $107.17. 6,362,975 shares of the stock traded hands, compared to its average volume of 3,718,705. The firm’s 50-day moving average price is $83.75 and its two-hundred day moving average price is $66.85. The stock has a market capitalization of $22.06 billion, a PE ratio of -73.91 and a beta of 1.17. Rubrik has a twelve month low of $42.25 and a twelve month high of $107.91.
Insider Activity
In other Rubrik news, Director John Wendell Thompson sold 2,500 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $74.11, for a total value of $185,275.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $741,100. The trade was a 20.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kiran Kumar Choudary sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the completion of the transaction, the chief financial officer owned 978,073 shares in the company, valued at $96,164,137.36. This represents a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 327,682 shares of company stock valued at $27,385,376 in the last quarter. Insiders own 13.66% of the company’s stock.
Institutional Investors Weigh In On Rubrik
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on RBRK shares. BMO Capital Markets lifted their target price on shares of Rubrik from $87.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Oppenheimer set a $120.00 price target on shares of Rubrik in a research note on Thursday, August 20th. Truist Financial raised their price target on shares of Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. UBS Group restated a “buy” rating and set a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price objective (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $104.56.
Get Our Latest Stock Report on RBRK
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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