Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 721 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total value of $84,075.81. Following the transaction, the director owned 2,988 shares in the company, valued at $348,430.68. This trade represents a 19.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Monday, October 5th, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $119.00, for a total value of $85,799.00.
- On Thursday, September 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $89.52, for a total value of $64,543.92.
Rubrik Stock Up 2.0%
RBRK opened at $118.89 on Thursday. The stock has a market cap of $24.65 billion, a PE ratio of -94.35 and a beta of 1.08. The business has a 50 day moving average of $111.67 and a 200-day moving average of $77.48. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $139.92.
Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to analysts' expectations of $396.30 million. Rubrik's revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the previous year, the company earned ($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. Equities analysts anticipate that Rubrik, Inc. will post -1.19 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on RBRK shares. Yorkville Ives started coverage on shares of Rubrik in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $145.00 price target for the company. Robert W. Baird boosted their price objective on shares of Rubrik from $130.00 to $139.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 23rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Rubrik in a research note on Monday, September 21st. Oppenheimer set a $120.00 target price on shares of Rubrik in a research note on Thursday, August 20th. Finally, Canadian Imperial Bank of Commerce reiterated 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $118.04.
Check Out Our Latest Stock Analysis on Rubrik
Rubrik News Summary
Here are the key news stories impacting Rubrik this week:
- Negative Sentiment: Several insiders reported sales: CTO Arvind Nithrakashyap sold 12,820 shares, while director John Wendell Thompson sold 11,000 shares and was also reported to have sold another 2,500. Director Yvonne Wassenaar sold 721 shares. Thompson’s reported sale substantially reduced his stake, which could weigh on sentiment. However, the transactions were made under pre-arranged Rule 10b5-1 plans, and Nithrakashyap retained 272,538 shares. CTO SEC filing Director SEC filing Wassenaar SEC filing
Hedge Funds Weigh In On Rubrik
A number of hedge funds have recently bought and sold shares of RBRK. SBI Securities Co. Ltd. raised its holdings in Rubrik by 2.4% in the third quarter. SBI Securities Co. Ltd. now owns 5,457 shares of the company's stock worth $625,000 after buying an additional 128 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Rubrik in the third quarter worth approximately $27,000. Motley Fool Asset Management LLC grew its holdings in shares of Rubrik by 8.3% during the third quarter. Motley Fool Asset Management LLC now owns 3,218 shares of the company's stock valued at $368,000 after buying an additional 246 shares during the last quarter. Essential Partners LLC grew its holdings in shares of Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company's stock valued at $28,000 after buying an additional 284 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Rubrik by 54.6% during the second quarter. Versant Capital Management Inc now owns 926 shares of the company's stock valued at $74,000 after buying an additional 327 shares during the last quarter. 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 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.
Further Reading
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