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

Rubrik, Inc. (NYSE:RBRK) Director John Thompson sold 11,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $89.03, for a total transaction of $979,330.00. Following the transaction, the director owned 8,362 shares in the company, valued at approximately $744,468.86. The trade was a 56.81% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 Monday, August 3rd, John Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $74.10, for a total transaction of $815,100.00.
• On Monday, August 3rd, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $74.11, for a total transaction of $185,275.00.
• On Wednesday, July 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $82.75, for a total transaction of $206,875.00.
• On Wednesday, July 1st, John Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $82.65, for a total transaction of $909,150.00.

Rubrik Stock Up 5.7%

Shares of NYSE RBRK traded up $4.97 during trading on Thursday, hitting $92.15. 3,907,118 shares of the company traded hands, compared to its average volume of 3,958,328. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $107.91. The company has a 50-day moving average price of $86.36 and a 200-day moving average price of $68.52. The firm has a market capitalization of $18.97 billion, a P/E ratio of -73.13 and a beta of 1.24.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to analyst estimates of $396.30 million. The company’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Research analysts predict that Rubrik, Inc. will post -1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays raised their price objective on Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. BTIG Research boosted their target price on Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Citigroup increased their target price on shares of Rubrik from $96.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Robert W. Baird raised their price target on shares of Rubrik from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Finally, KeyCorp lifted their price target on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $112.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank boosted its position in shares of Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares during the period. Royal Bank of Canada raised its holdings in shares of Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after buying an additional 20,471 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after buying an additional 300 shares during the period. Goldman Sachs Group Inc. lifted its position in Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock worth $57,343,000 after acquiring an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock worth $182,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).