Rubrik (NYSE:RBRK) Stock Price Down 6.3% Following Insider Selling

Rubrik, Inc. (NYSE:RBRK)’s stock price was down 6.3% on Wednesday after an insider sold shares in the company. The stock traded as low as $82.86 and last traded at $82.4970. Approximately 800,420 shares were traded during trading, a decline of 79% from the average daily volume of 3,899,735 shares. The stock had previously closed at $88.05.

Specifically, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the transaction, the director owned 125,351 shares of the company’s stock, valued at approximately $10,416,668.10. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

A number of research firms have issued reports on RBRK. Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. KeyCorp upped their price objective on shares of Rubrik from $70.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Guggenheim reaffirmed a “buy” rating on shares of Rubrik in a research note on Friday, June 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price target on shares of Rubrik in a report on Monday, June 1st. Finally, BTIG Research reissued a “buy” rating and set a $91.00 price target on shares of Rubrik in a research note on Thursday, June 11th. Twenty-eight 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, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.46.

Rubrik Trading Down 6.4%

The company has a market capitalization of $16.96 billion, a PE ratio of -56.89 and a beta of 1.10. The company’s 50 day moving average price is $72.77 and its 200-day moving average price is $62.78.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. The firm had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. Rubrik’s revenue was up 39.0% on a year-over-year basis. During the same period last year, the firm 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. As a group, analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Institutional Trading of Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 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 worth $28,000 after buying an additional 284 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in shares of Rubrik by 100.0% during the 4th 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. Triumph Capital Management acquired a new position in shares of Rubrik during the 4th quarter valued at $33,000. Banque Cantonale Vaudoise purchased a new stake in Rubrik during the 3rd quarter worth $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Rubrik during the 4th quarter worth $35,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).