Insider Selling: Rubrik (NYSE:RBRK) Director Sells 11,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the completion of the transaction, the director directly owned 4,653 shares in the company, valued at $258,148.44. This trade represents a 70.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Friday, May 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $55.51, for a total value of $138,775.00.
• On Wednesday, April 1st, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $48.96, for a total value of $122,400.00.
• On Wednesday, April 1st, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $48.90, for a total value of $537,900.00.
• On Monday, March 2nd, John Wendell Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $53.55, for a total value of $133,875.00.
• On Monday, March 2nd, John Wendell Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $53.62, for a total value of $589,820.00.

Rubrik Price Performance

Rubrik stock traded up $2.78 during trading hours on Monday, reaching $57.85. The company had a trading volume of 3,280,068 shares, compared to its average volume of 3,903,909. The company has a 50-day moving average price of $51.62 and a 200 day moving average price of $63.82. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of -32.69 and a beta of 0.63. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. Rubrik’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period last year, the firm earned ($0.18) earnings per share. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, research analysts expect that Rubrik, Inc. will post -1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. Scotiabank set a $70.00 target price on Rubrik and gave the company a “sector outperform” rating in a report on Monday, April 20th. Guggenheim restated a “buy” rating and set a $110.00 target price on shares of Rubrik in a report on Friday, March 13th. DA Davidson set a $70.00 target price on Rubrik in a report on Friday, March 13th. Finally, KeyCorp decreased their target price on Rubrik from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.83.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBRK. Norges Bank purchased a new stake in Rubrik in the fourth quarter worth $345,907,000. First Trust Advisors LP grew its stake in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after purchasing an additional 2,116,272 shares during the period. Pictet Asset Management Holding SA grew its stake in Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the period. Vanguard Group Inc. grew its stake in Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. Finally, Federated Hermes Inc. grew its stake in Rubrik by 101.8% in the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after purchasing an additional 1,229,476 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

About Rubrik

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).