Yvonne Wassenaar Sells 2,838 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,838 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $75.00, for a total value of $212,850.00. Following the transaction, the director owned 2,326 shares in the company, valued at approximately $174,450. This represents a 54.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $82.32 on Wednesday. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $103.00. The company has a market cap of $16.65 billion, a PE ratio of -46.51 and a beta of 1.10. The stock’s 50-day moving average is $56.47 and its 200 day moving average is $62.38.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million for the quarter, compared to analysts’ expectations of $342.43 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Analysts expect that Rubrik, Inc. will post -1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Essential Partners LLC grew its holdings in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Rubrik by 1,360.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the period. Financial Life Planners purchased a new position in shares of Rubrik during the 3rd quarter worth approximately $31,000. Atlantic Union Bankshares Corp boosted 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 worth $31,000 after purchasing an additional 200 shares in the last quarter. Finally, Guerra Advisors Inc bought a new stake in shares of Rubrik in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBRK. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $110.00 price target on shares of Rubrik in a report on Monday, March 16th. Mizuho reduced their target price on Rubrik from $97.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Guggenheim reiterated a “buy” rating and set a $110.00 target price on shares of Rubrik in a report on Friday, March 13th. Jefferies Financial Group began coverage on Rubrik in a report on Monday, April 27th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.12.

Rubrik Company Profile

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).