Key Points
- Rubrik CTO Arvind Nithrakashyap sold 12,820 shares on June 2 at an average price of $82.16, for proceeds of about $1.05 million. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced his position by 3.92%.
- The insider selling follows a much larger recent transaction by Nithrakashyap, who also sold 199,447 shares on June 1 for about $16.8 million. The article notes additional share sales by other insiders, adding to a broader insider-selling overhang.
- Rubrik shares were down 3.4% to open at $79.55, though the company has recently posted strong growth and beat earnings estimates. Analysts remain broadly positive overall, with a “Moderate Buy” consensus and an average price target of about $85.12.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 721 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $80.73, for a total value of $58,206.33. Following the transaction, the director directly owned 2,326 shares in the company, valued at approximately $187,777.98. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yvonne Wassenaar also recently made the following trade(s):
- On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $212,850.00.
Rubrik Trading Down 3.4%
Shares of NYSE RBRK opened at $79.55 on Thursday. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of -44.94 and a beta of 1.10. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $103.00. The stock's 50-day moving average is $57.70 and its 200 day moving average is $62.50.
Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.15. The firm had revenue of $377.68 million for the quarter, compared to analysts' expectations of $342.43 million. The business's quarterly revenue was up 46.3% on a year-over-year basis. During the same period in the prior year, the business 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, analysts forecast that Rubrik, Inc. will post -1.45 EPS for the current fiscal year.
Key Stories Impacting Rubrik
Here are the key news stories impacting Rubrik this week:
Wall Street Analyst Weigh In
A number of brokerages have commented on RBRK. Guggenheim reaffirmed a "buy" rating and issued a $110.00 price target on shares of Rubrik in a research note on Friday, March 13th. Barclays decreased their price target on Rubrik from $100.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 3rd. Wolfe Research began coverage on Rubrik in a research note on Friday, May 1st. They issued an "outperform" rating and a $70.00 price target on the stock. DA Davidson set a $70.00 price target on Rubrik in a research note on Friday, March 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Rubrik in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.12.
Check Out Our Latest Stock Analysis on RBRK
Hedge Funds Weigh In On Rubrik
Several hedge funds have recently made changes to their positions in RBRK. Essential Partners LLC raised its holdings 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 in the last quarter. Financial Life Planners bought a new position in Rubrik in the third quarter worth $31,000. Atlantic Union Bankshares Corp raised its holdings 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 in the last quarter. 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 hedge funds and other institutional investors.
Rubrik Company Profile
(
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).
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