Rubrik (NYSE:RBRK) Director John Wendell Thompson Sells 11,000 Shares of Company Stock

Rubrik, Inc. (NYSE:RBRK) Director John Thompson sold 11,000 shares of Rubrik stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $117.27, for a total value of $1,289,970.00. Following the completion of the transaction, the director directly owned 8,362 shares in the company, valued at $980,611.74. This represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $117.27, for a total transaction 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 transaction 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 transaction of $1,272,590.00.
• On Tuesday, September 1st, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $89.04, for a total transaction 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%

RBRK traded up $1.85 during trading on Tuesday, hitting $116.52. 2,440,299 shares of the company’s stock were exchanged, compared to its average volume of 3,646,002. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $139.92. The stock has a 50 day moving average price of $110.78 and a 200 day moving average price of $76.99. The firm has a market cap of $24.16 billion, a P/E ratio of -92.48 and a beta of 1.12.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, August 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. During the same period in the prior year, the business posted ($0.03) EPS. The business’s revenue 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. Analysts forecast that Rubrik, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RBRK shares. Stephens reaffirmed an “overweight” rating on shares of Rubrik in a research report on Friday, August 28th. Truist Financial boosted their price target on Rubrik from $90.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Wolfe Research restated an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Oppenheimer set a $120.00 price target on shares of Rubrik in a report on Thursday, August 20th. Finally, Robert W. Baird lifted their price target 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. Thirty research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $118.04.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Rubrik during the 3rd quarter valued at $27,000. Essential Partners LLC raised its stake in shares of Rubrik by 99.3% in the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after purchasing an additional 284 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Rubrik during the first quarter worth about $46,000. Markowski Investments bought a new position in shares of Rubrik during the second quarter worth about $48,000. Finally, CoreCap Advisors LLC grew its stake in Rubrik by 268.2% in the third 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 owned by institutional investors and hedge funds.

Rubrik Company Profile

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.