Yvonne Wassenaar Sells 721 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total value of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares in the company, valued at approximately $332,029.68. The trade was a 16.28% decrease in their position. 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.

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

• On Monday, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $54,075.00.
• On Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $81.57, for a total value of $58,811.97.
• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $50,700.00.

Rubrik Price Performance

Shares of Rubrik stock opened at $93.85 on Friday. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $107.91. The firm has a market cap of $19.32 billion, a PE ratio of -74.48 and a beta of 1.24. The company has a 50 day simple moving average of $86.79 and a two-hundred day simple moving average of $68.70.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird lifted their price target on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Rubrik in a research report on Wednesday, August 19th. KeyCorp raised their price objective on Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Barclays boosted their target price on Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Finally, Telsey Advisory Group set a $120.00 price target on shares of Rubrik 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.15.

Institutional Investors Weigh In On Rubrik

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

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).