Rubrik (NYSE:RBRK) Shares Gap Down on Insider Selling

Rubrik, Inc. (NYSE:RBRK) shares gapped down before the market opened on Thursday after an insider sold shares in the company. The stock had previously closed at $74.52, but opened at $71.78. Rubrik shares last traded at $72.4430, with a volume of 1,044,278 shares trading hands.

Specifically, Director Yvonne Wassenaar sold 676 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $75.00, for a total value of $50,700.00. Following the sale, the director owned 5,359 shares of the company’s stock, valued at approximately $401,925. This represents a 11.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RBRK shares. Guggenheim reissued a “buy” rating on shares of Rubrik in a report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and set a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a report on Thursday, June 11th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Finally, Robert W. Baird boosted their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Rubrik Stock Down 2.7%

The business’s fifty day moving average is $64.56 and its two-hundred day moving average is $62.75. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of -50.04 and a beta of 1.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Research analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current year.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Rubrik in the fourth quarter valued at about $345,907,000. ARK Investment Management LLC boosted its holdings in Rubrik by 21.1% during the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after buying an additional 55,500 shares during the last quarter. Legal & General Group Plc grew its position in shares of Rubrik by 8.6% during the 4th quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after buying an additional 151,234 shares during the period. Citigroup Inc. grew its position in shares of Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after buying an additional 70,504 shares during the period. Finally, LGT Fund Management Co Ltd. bought a new stake in shares of Rubrik in the 3rd quarter valued at about $3,421,000. 49.54% of the stock is owned by 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).