Stock Traders Buy Large Volume of Call Options on Rubrik (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) was the target of unusually large options trading activity on Friday. Investors acquired 15,705 call options on the company. This represents an increase of approximately 91% compared to the typical daily volume of 8,206 call options.

Insider Activity

In other news, Director Yvonne Wassenaar sold 721 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $80.73, for a total transaction of $58,206.33. Following the sale, the director owned 2,326 shares in the company, valued at $187,777.98. This represents a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 2,500 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $84.51, for a total transaction of $211,275.00. Following the sale, the director owned 15,000 shares in the company, valued at approximately $1,267,650. The trade was a 14.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 398,939 shares of company stock worth $27,628,167. Corporate insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On Rubrik

Several institutional investors have recently bought and sold shares of RBRK. Essential Partners LLC grew its stake in Rubrik by 99.3% during the first quarter. Essential Partners LLC now owns 570 shares of the company’s stock valued at $28,000 after acquiring an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after acquiring an additional 340 shares in the last quarter. Financial Life Planners purchased a new position in Rubrik during the third quarter valued at $31,000. Atlantic Union Bankshares Corp grew its stake in Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in Rubrik during the fourth quarter valued at $33,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik News Summary

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Rubrik reported fiscal Q1 earnings of $0.16 per share versus expectations for a loss, and revenue of $387.1 million topped estimates, signaling strong demand and execution. Rubrik Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised both quarterly and full-year guidance, reinforcing confidence that subscription growth and improving margins can continue as cyber resilience demand rises. Rubrik beats Q1 estimates, raises full-year guidance as cyber resilience demand rises
• Positive Sentiment: Several analysts lifted targets after the results, including Wedbush, BMO Capital Markets, DA Davidson, and Oppenheimer, which points to growing Street confidence in Rubrik’s outlook. Analyst target updates for Rubrik
• Neutral Sentiment: Rubrik also gained early access to Anthropic’s Mythos Research Preview, a potentially positive long-term AI/cybersecurity partnership, but the near-term financial impact is not yet clear. Rubrik Gets Early Access To Anthropic Mythos Research Preview To Strengthen Cyber Resilience
• Neutral Sentiment: One report noted Rubrik’s strong May performance was helped by Snowflake’s earnings, reflecting broader momentum in the cybersecurity ecosystem rather than a company-specific catalyst. How Rubrik Stock Soared 47.9% Last Month
• Negative Sentiment: Rubrik shares slipped after the earnings release despite the beat, suggesting some investors were taking profits after the stock’s strong recent move. Rubrik Shares Slip Despite Beating Q1 Estimates, Raised Guidance
• Negative Sentiment: CTO Arvind Nithrakashyap, along with directors John Wendell Thompson and Yvonne Wassenaar, disclosed sizable share sales, which may be weighing on sentiment even though the trades were pre-planned. SEC filing for insider sales

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BTIG Research increased their price target on shares of Rubrik from $76.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial set a $90.00 price target on shares of Rubrik and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company decreased their price objective on shares of Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Mizuho raised their price objective on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Jefferies Financial Group set a $90.00 price objective on shares of Rubrik in a research report on Friday. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.36.

Rubrik Trading Down 4.4%

RBRK traded down $3.38 during trading on Friday, hitting $73.62. 4,039,767 shares of the company traded hands, compared to its average volume of 3,909,283. The company has a market cap of $14.89 billion, a PE ratio of -41.61 and a beta of 1.10. The stock’s 50-day simple moving average is $58.27 and its two-hundred day simple moving average is $62.54. Rubrik has a 1 year low of $42.25 and a 1 year high of $103.00.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.28 million. The business’s revenue was up 39.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts expect that Rubrik will post -1.45 EPS for the current year.

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).