Ravi Mhatre Sells 3,979 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $83.10, for a total value of $330,654.90. Following the sale, the director directly owned 125,351 shares of the company’s stock, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ravi Mhatre also recently made the following trade(s):

• On Friday, June 26th, Ravi Mhatre sold 3,979 shares of Rubrik stock. The stock was sold at an average price of $71.49, for a total transaction of $284,458.71.

Rubrik Price Performance

RBRK opened at $80.22 on Thursday. The firm has a 50 day simple moving average of $73.22 and a 200 day simple moving average of $62.79. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The company has a market cap of $16.51 billion, a price-to-earnings ratio of -55.32 and a beta of 1.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to the consensus estimate of $366.31 million. Rubrik’s revenue was up 39.0% compared to the same quarter last year. During the same period 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. As a group, analysts expect that Rubrik, Inc. will post -1.16 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Robert W. Baird boosted their target price on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price target on shares of Rubrik in a research note on Monday, June 1st. Scotiabank reiterated an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBRK. Essential Partners LLC raised its position in shares of Rubrik by 99.3% during the first 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. Atlantic Union Bankshares Corp grew its position in shares of Rubrik by 100.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Triumph Capital Management bought a new stake in Rubrik during the 4th quarter worth approximately $33,000. Banque Cantonale Vaudoise bought a new stake in Rubrik during the 3rd quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Rubrik during the 4th quarter worth approximately $35,000. 49.54% of the stock is owned by institutional investors and hedge funds.

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).