Rubrik (NYSE:RBRK) Insider Sells 4,797 Shares

Rubrik, Inc. (NYSE:RBRK) insider Brian Mccarthy sold 4,797 shares of Rubrik stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $76.18, for a total transaction of $365,435.46. Following the transaction, the insider directly owned 340,772 shares of the company’s stock, valued at approximately $25,960,010.96. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rubrik Stock Up 3.8%

Rubrik stock traded up $2.76 during midday trading on Thursday, reaching $75.95. The stock had a trading volume of 5,040,852 shares, compared to its average volume of 4,090,807. Rubrik, Inc. has a 52-week low of $47.35 and a 52-week high of $103.00. The company has a fifty day moving average of $75.45 and a 200 day moving average of $83.04. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of -38.95 and a beta of 0.32.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. During the same quarter last year, the business posted ($0.21) earnings per share. The firm’s revenue for the quarter was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Oppenheimer began coverage on Rubrik in a report on Monday, November 17th. They set a “market perform” rating for the company. Robert W. Baird lifted their price target on shares of Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. CIBC raised their price target on shares of Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a report on Thursday, September 11th. BMO Capital Markets dropped their price objective on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Finally, Berenberg Bank assumed coverage on Rubrik in a research report on Tuesday, November 18th. They issued a “buy” rating and a $114.00 target price on the stock. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.94.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Rubrik by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,016,248 shares of the company’s stock valued at $1,070,586,000 after purchasing an additional 993,634 shares during the period. First Trust Advisors LP grew its position in shares of Rubrik by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 4,947,785 shares of the company’s stock valued at $406,955,000 after acquiring an additional 485,080 shares during the period. Voya Investment Management LLC increased its stake in shares of Rubrik by 18.0% in the 3rd quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock valued at $293,552,000 after purchasing an additional 543,855 shares in the last quarter. Norges Bank acquired a new position in Rubrik in the 2nd quarter worth about $219,132,000. Finally, Federated Hermes Inc. boosted its position in Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after purchasing an additional 1,229,476 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.