Insider Selling: Rubrik (NYSE:RBRK) Director Sells 3,979 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the sale, the director owned 113,477 shares of the company’s stock, valued at $8,112,470.73. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rubrik Price Performance

NYSE RBRK traded up $1.33 on Friday, reaching $72.35. The stock had a trading volume of 3,835,194 shares, compared to its average volume of 3,975,724. The company has a market cap of $14.89 billion, a P/E ratio of -49.90 and a beta of 1.10. The firm has a fifty day moving average of $65.02 and a two-hundred day moving average of $62.64. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. The firm’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) EPS. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Research analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Essential Partners LLC lifted its holdings in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after acquiring an additional 284 shares during the period. EverSource Wealth Advisors LLC increased its stake in Rubrik by 1,360.0% in 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 during the last quarter. Financial Life Planners bought a new position in Rubrik in the third quarter valued at approximately $31,000. Atlantic Union Bankshares Corp raised its position 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 purchasing an additional 200 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in Rubrik during the fourth quarter valued at approximately $33,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on RBRK. Mizuho boosted their price objective on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research report on Friday, June 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price target on shares of Rubrik in a research note on Monday, June 1st. Wells Fargo & Company reduced their price target on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, BMO Capital Markets raised their price objective on Rubrik from $73.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Rubrik has a consensus rating of “Moderate Buy” and a consensus price target 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).