Key Points
- Rubrik director Yvonne Wassenaar sold 721 shares at an average price of $89.52, generating $64,543.92. The Rule 10b5-1 transaction reduced her direct ownership by 16.28% to 3,709 shares.
- Rubrik reported stronger-than-expected quarterly results, with EPS of $0.20 versus the $0.04 consensus and revenue of $427.26 million, up 43.9% year over year.
- Analyst sentiment remains positive: 29 analysts rate the stock a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $112.15.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 721 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares of the company's stock, valued at approximately $332,029.68. This trade represents a 16.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $54,075.00.
- On Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $81.57, for a total value of $58,811.97.
- On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $50,700.00.
Rubrik Trading Up 5.7%
NYSE RBRK opened at $92.15 on Friday. The firm has a market capitalization of $18.97 billion, a P/E ratio of -73.13 and a beta of 1.24. The business has a fifty day simple moving average of $86.36 and a 200 day simple moving average of $68.52. Rubrik, Inc. has a 12 month low of $42.25 and a 12 month high of $107.91.
Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. Rubrik's revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the business 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. As a group, sell-side analysts predict that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Rubrik from $90.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. KeyCorp lifted their target price on shares of Rubrik from $112.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, August 28th. The Goldman Sachs Group restated a "buy" rating on shares of Rubrik in a research note on Wednesday, August 19th. Scotiabank reaffirmed an "outperform" rating on shares of Rubrik in a report on Tuesday, August 25th. Finally, BTIG Research increased their price target on Rubrik from $109.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, August 28th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $112.15.
Check Out Our Latest Stock Report on Rubrik
Hedge Funds Weigh In On Rubrik
Several institutional investors have recently added to or reduced their stakes in RBRK. Atlantic Union Bankshares Corp raised 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 acquiring an additional 200 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Rubrik during the 3rd quarter valued at approximately $34,000. Triumph Capital Management bought a new position in shares of Rubrik during the 4th quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new position in shares of Rubrik during the 4th quarter valued at approximately $35,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of Rubrik during the 4th quarter worth approximately $38,000. Institutional investors own 49.54% of the company's stock.
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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