Key Points
- Rubrik CFO Kiran Kumar Choudary sold 10,000 shares for approximately $983,200 under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 1.01% while retaining 978,073 shares.
- Rubrik shares opened at $92.73 after declining 5.4%; the stock has traded between $42.25 and $106.50 over the past year and has a market capitalization of about $19.1 billion.
- The company reported quarterly revenue of $387.07 million, up 39% year over year, and EPS of $0.16, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $103.96.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) CFO Kiran Kumar Choudary sold 10,000 shares of the business's stock in a transaction dated 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 directly owned 978,073 shares of the company's stock, valued at approximately $96,164,137.36. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rubrik Stock Down 5.4%
RBRK opened at $92.73 on Wednesday. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of -63.95 and a beta of 1.17. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $106.50. The company has a 50-day simple moving average of $83.20 and a 200 day simple moving average of $66.51.
Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. During the same period last year, the business earned ($0.15) earnings per share. The business's revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Sell-side analysts anticipate that Rubrik, Inc. will post -1.13 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently commented on RBRK. Oppenheimer set a $120.00 target price on shares of Rubrik in a report on Thursday, August 20th. Wells Fargo & Company lifted their price target on shares of Rubrik from $90.00 to $120.00 and gave the company an "overweight" rating in a report on Tuesday. Wolfe Research reissued an "outperform" rating and issued a $95.00 price objective on shares of Rubrik in a research note on Friday, June 5th. Truist Financial raised their target price on shares of Rubrik from $90.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Wednesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.96.
Read Our Latest Research Report on RBRK
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in Rubrik by 8,477.0% during the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company's stock worth $1,186,676,000 after buying an additional 14,609,375 shares during the period. Vanguard Group Inc. increased its position in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company's stock valued at $1,123,836,000 after acquiring an additional 1,678,255 shares during the period. First Trust Advisors LP raised its stake in shares of Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company's stock valued at $540,259,000 after acquiring an additional 2,116,272 shares during the last quarter. Norges Bank bought a new position in shares of Rubrik during the fourth quarter valued at $345,907,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company's stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.
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).
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