Key Points
- Rubrik director John Wendell Thompson sold 11,000 shares for about $1.29 million at an average price of $117.27, under a pre-arranged Rule 10b5-1 trading plan. After the sale, he held 8,362 shares, a 56.81% reduction in his position.
- Rubrik’s latest reported quarter beat expectations, with EPS of $0.20 versus a $0.04 consensus estimate and revenue of $427.26 million versus $396.30 million expected; revenue rose 43.9% year over year.
- Analyst sentiment was broadly positive: 30 analysts rated the stock Buy and one rated it Sell, for an overall “Moderate Buy” consensus and an average price target of $118.04.
Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Thompson sold 11,000 shares of the business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $117.27, for a total value of $1,289,970.00. Following the completion of the sale, the director directly owned 8,362 shares in the company, valued at $980,611.74. This represents a 56.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Wendell Thompson also recently made the following trade(s):
- On Monday, November 2nd, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $117.27, for a total value of $293,175.00.
- On Thursday, October 1st, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $115.68, for a total value of $289,200.00.
- On Thursday, October 1st, John Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $115.69, for a total value of $1,272,590.00.
- On Tuesday, September 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $89.04, for a total value of $222,600.00.
- On Tuesday, September 1st, John Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $89.03, for a total transaction of $979,330.00.
Rubrik Trading Up 1.6%
Shares of NYSE RBRK opened at $116.52 on Wednesday. Rubrik, Inc. has a twelve month low of $42.25 and a twelve month high of $139.92. The company has a market capitalization of $24.16 billion, a price-to-earnings ratio of -92.48 and a beta of 1.08. The firm has a 50-day moving average of $111.15 and a two-hundred day moving average of $77.23.
Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. During the same period in the prior year, the firm earned ($0.03) EPS. The business's revenue for the quarter was up 43.9% on a year-over-year basis. 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, research analysts predict that Rubrik, Inc. will post -1.19 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in RBRK. V Square Quantitative Management LLC purchased a new stake in shares of Rubrik in the 3rd quarter valued at approximately $27,000. Essential Partners LLC boosted its stake in Rubrik by 99.3% in the 1st 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. Sunbelt Securities Inc. purchased a new position in Rubrik during the 1st quarter worth approximately $46,000. Markowski Investments purchased a new position in Rubrik during the 2nd quarter worth approximately $48,000. Finally, CoreCap Advisors LLC grew its position in Rubrik by 268.2% during the 3rd quarter. CoreCap Advisors LLC now owns 545 shares of the company's stock worth $62,000 after purchasing an additional 397 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on RBRK. UBS Group restated a "buy" rating and issued a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Stephens reiterated an "overweight" rating on shares of Rubrik in a research report on Friday, August 28th. Rosenblatt Securities increased their price objective on Rubrik from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Truist Financial raised their price objective on Rubrik from $90.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Rubrik in a report on Monday, August 31st. Thirty research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.04.
Get Our Latest Research Report on RBRK
About Rubrik
(
Get Free Report)
Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.
The company's Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.
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