Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 676 Shares

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 676 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $75.00, for a total value of $50,700.00. Following the sale, the director directly owned 5,359 shares in the company, valued at $401,925. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yvonne Wassenaar also recently made the following trade(s):

• On Wednesday, June 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $80.73, for a total value of $58,206.33.
• On Friday, May 29th, Yvonne Wassenaar sold 2,838 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $212,850.00.

Rubrik Stock Up 0.4%

Rubrik stock traded up $0.29 during midday trading on Wednesday, hitting $74.53. 2,602,962 shares of the company were exchanged, compared to its average volume of 4,833,136. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The business has a fifty day simple moving average of $64.56 and a two-hundred day simple moving average of $62.75.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results 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 company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The company’s revenue was up 39.0% compared to the same quarter last year. 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, sell-side analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analyst Ratings Changes

RBRK has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 target price on shares of Rubrik in a research note on Monday, June 1st. Scotiabank reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. KeyCorp upped their price objective on shares of Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. DA Davidson reissued a “buy” rating and set a $90.00 target price (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. Finally, Wells Fargo & Company dropped their target price on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in Rubrik by 12.0% in the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after acquiring an additional 150 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Rubrik by 100.0% in the fourth 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. CI Investments Inc. increased its stake in shares of Rubrik by 31.7% during the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after purchasing an additional 207 shares in the last quarter. Creative Planning raised its position in shares of Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after purchasing an additional 236 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Rubrik by 9.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,337 shares of the company’s stock worth $255,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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).