Rubrik, Inc. (NYSE:RBRK – Get Free Report) Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $116.61, for a total transaction of $84,075.81. Following the completion of the sale, the director directly owned 2,988 shares of the company’s stock, valued at approximately $348,430.68. This trade represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yvonne Wassenaar also recently made the following trade(s):
- On Monday, October 5th, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $119.00, for a total transaction of $85,799.00.
- On Thursday, September 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $89.52, for a total value of $64,543.92.
Rubrik Stock Performance
RBRK opened at $105.47 on Friday. The business’s 50-day simple moving average is $111.85 and its 200-day simple moving average is $77.67. Rubrik, Inc. has a one year low of $42.25 and a one year high of $139.92. The stock has a market capitalization of $21.86 billion, a P/E ratio of -83.70 and a beta of 1.08.
Rubrik (NYSE:RBRK – Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.
Key Headlines Impacting Rubrik
Here are the key news stories impacting Rubrik this week:
- Positive Sentiment: Rubrik announced that its cyber-resilience capabilities now cover enterprise unstructured data, expanding the reach of its data-protection offering. This could support customer adoption, though the reports provide no financial guidance tied to the launch. Article: Rubrik Extends Cyber Resilience Across Enterprise Unstructured Data
- Neutral Sentiment: Rubrik’s Authorized Intelligence podcast joined the N2K CyberWire network. The expanded distribution may raise awareness of Rubrik’s expertise, but the announcement does not indicate a direct effect on sales or earnings. Article: Rubrik podcast joins the N2K CyberWire network
- Negative Sentiment: Several insiders reported stock sales, including CTO Arvind Nithrakashyap (12,820 shares) and directors John Thompson (11,000 shares) and Yvonne Wassenaar (721 shares). These sales can concern investors, although the transactions were made under pre-arranged Rule 10b5-1 plans; the CTO retained a substantial stake. Article: Rubrik director stock sale
Institutional Trading of Rubrik
A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of Rubrik by 48.8% in the 2nd quarter. Wellington Management Group LLP now owns 731,736 shares of the company’s stock valued at $58,744,000 after purchasing an additional 240,062 shares in the last quarter. Congress Asset Management Co. boosted its holdings in Rubrik by 32.6% during the third quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after buying an additional 175,866 shares in the last quarter. Amundi boosted its holdings in Rubrik by 449.5% during the first quarter. Amundi now owns 561,496 shares of the company’s stock worth $27,496,000 after buying an additional 459,314 shares in the last quarter. CI Investments Inc. purchased a new stake in Rubrik during the first quarter worth about $19,815,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Rubrik during the third quarter worth about $43,480,000. 49.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Mizuho increased their price objective on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Rubrik in a report on Friday, August 28th. BMO Capital Markets upped their price target on shares of Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Loop Capital assumed coverage on shares of Rubrik in a research report on Monday, August 3rd. They issued a “buy” rating and a $100.00 price target for the company. Finally, Wedbush increased their price target on shares of Rubrik from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. Thirty research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.04.
Read Our Latest Report on Rubrik
Rubrik Company Profile
Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.
The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.
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