Key Points
- Rubrik director Yvonne Wassenaar sold 2,838 shares on May 29 at an average price of $75 each, totaling about $212,850. After the sale, she still held 2,326 shares, and the transaction was made under a pre-arranged Rule 10b5-1 plan.
- Rubrik shares were up 8.4% and traded at $85.20, near the company’s 12-month high of $103. The stock has risen well above its 50-day and 200-day moving averages.
- Analysts remain broadly positive on Rubrik despite mixed target changes, with a consensus rating of “Moderate Buy” and an average price target of $85.12. The company also recently beat quarterly earnings and revenue expectations, with revenue up 46.3% year over year.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 2,838 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $75.00, for a total value of $212,850.00. Following the transaction, the director owned 2,326 shares in the company, valued at approximately $174,450. This trade represents a 54.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rubrik Stock Up 8.4%
Shares of RBRK stock opened at $85.20 on Tuesday. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $103.00. The business's 50 day moving average is $56.47 and its two-hundred day moving average is $62.38. The company has a market cap of $17.23 billion, a PE ratio of -48.13 and a beta of 1.09.
Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.15. The company had revenue of $377.68 million for the quarter, compared to analyst estimates of $342.43 million. During the same quarter last year, the business earned ($0.18) EPS. The company's revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040--0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities analysts expect that Rubrik, Inc. will post -1.45 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
RBRK has been the topic of several analyst reports. Oppenheimer upgraded Rubrik from a "market perform" rating to an "outperform" rating and set a $85.00 price target on the stock in a report on Wednesday, May 20th. Citigroup lowered their price target on Rubrik from $115.00 to $88.00 and set a "buy" rating on the stock in a report on Monday, March 16th. Jefferies Financial Group initiated coverage on Rubrik in a report on Monday, April 27th. They set a "buy" rating and a $65.00 price target on the stock. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $110.00 price target on shares of Rubrik in a report on Monday, March 16th. Finally, Wedbush lowered their price target on Rubrik from $120.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.12.
Get Our Latest Research Report on Rubrik
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of RBRK. Essential Partners LLC lifted its position in Rubrik by 99.3% in the first quarter. Essential Partners LLC now owns 570 shares of the company's stock worth $28,000 after purchasing an additional 284 shares during the period. EverSource Wealth Advisors LLC lifted its position in Rubrik by 1,360.0% in 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 period. Financial Life Planners bought a new position in Rubrik in the third quarter worth $31,000. Atlantic Union Bankshares Corp lifted its position in Rubrik by 100.0% in 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 during the period. Finally, Guerra Advisors Inc bought a new position in Rubrik in the third quarter worth $33,000. 49.54% of the stock is owned by institutional investors.
About Rubrik
(
Get Free Report)
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).
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
