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 shares were sold at an average price of $75.00, for a total value of $50,700.00. Following the completion of the sale, the director directly owned 5,359 shares in the company, valued at $401,925. This represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Performance

RBRK stock opened at $74.53 on Thursday. The company’s 50 day moving average price is $64.56 and its 200 day moving average price is $62.75. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of -51.40 and a beta of 1.10.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The firm’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. Equities analysts forecast that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RBRK. Essential Partners LLC lifted its position in Rubrik by 99.3% in 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 during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Rubrik by 1,360.0% during the third quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares during the last quarter. Financial Life Planners purchased a new position in shares of Rubrik during the third quarter worth about $31,000. Atlantic Union Bankshares Corp increased its position in shares of Rubrik by 100.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Rubrik during the fourth quarter worth about $33,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on RBRK. Mizuho lifted their price objective on shares of Rubrik from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Oppenheimer raised their price target on Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Jefferies Financial Group set a $90.00 price objective on Rubrik in a research report on Friday, June 5th. Finally, Robert W. Baird upped their price objective on Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Twenty-eight analysts have rated the stock with a Buy rating and one has given 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 $93.00.

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).