Key Points
- Director Yvonne Wassenaar sold 721 Rubrik shares for approximately $85,799 at an average price of $119, reducing her direct holdings by 19.44% to 2,988 shares. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Rubrik shares opened at $125.93 and are near their 52-week high of $127.90, with a market capitalization of about $26.1 billion. The company recently beat quarterly earnings and revenue estimates, reporting $427.26 million in revenue, up 43.9% year over year.
- Analyst sentiment remains broadly positive: 28 analysts rate the stock a Buy, one rates it a Sell, and the consensus rating is “Moderate Buy” with a $114.42 price target.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $119.00, for a total transaction of $85,799.00. Following the completion of the sale, the director directly owned 2,988 shares in the company, valued at $355,572. This trade represents a 19.44% decrease in their position. The sale was disclosed in a 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.
Yvonne Wassenaar also recently made the following trade(s):
- On Thursday, September 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $89.52, for a total value of $64,543.92.
- 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.
Rubrik Stock Up 2.6%
NYSE RBRK opened at $125.93 on Wednesday. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $127.90. The business has a fifty day moving average of $98.68 and a 200-day moving average of $77.14. The stock has a market cap of $26.10 billion, a price-to-earnings ratio of -99.94 and a beta of 1.12.
Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The firm's revenue was up 43.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. 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, analysts anticipate that Rubrik, Inc. will post -1.19 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on RBRK shares. Stephens reiterated an "overweight" rating on shares of Rubrik in a report on Friday, August 28th. KeyCorp upped their target price on Rubrik from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, August 28th. BMO Capital Markets raised their price target on Rubrik from $98.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Cantor Fitzgerald restated an "overweight" rating and issued a $120.00 price target on shares of Rubrik in a report on Friday, August 28th. Finally, Piper Sandler increased their price objective on shares of Rubrik from $91.00 to $114.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.42.
View Our Latest Analysis on RBRK
Hedge Funds Weigh In On Rubrik
A number of hedge funds have recently made changes to their positions in the business. Essential Partners LLC lifted its holdings in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company's stock valued at $28,000 after acquiring an additional 284 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Rubrik in the 1st quarter valued at $46,000. Markowski Investments acquired a new stake in Rubrik in the 2nd quarter valued at $48,000. EverSource Wealth Advisors LLC raised its position in Rubrik by 256.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,476 shares of the company's stock valued at $72,000 after purchasing an additional 1,062 shares during the period. Finally, Versant Capital Management Inc raised its position in Rubrik by 54.6% in the second quarter. Versant Capital Management Inc now owns 926 shares of the company's stock valued at $74,000 after purchasing an additional 327 shares during the period. Hedge funds and other institutional investors own 49.54% of the company's stock.
About Rubrik
(
Get Free Report)
Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.
The company's primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.
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