Rubrik (NYSE:RBRK) Shares Down 4.6% on Insider Selling

Rubrik, Inc. (NYSE:RBRK)’s stock price was down 4.6% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $94.16 and last traded at $93.5390. 866,010 shares were traded during trading, a decline of 77% from the average daily volume of 3,704,411 shares. The stock had previously closed at $98.04.

Specifically, CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00. Following the completion of the sale, the chief financial officer owned 978,073 shares in the company, valued at $96,164,137.36. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RBRK. UBS Group restated a “buy” rating and issued a $106.00 price target on shares of Rubrik in a research report on Wednesday, August 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Cantor Fitzgerald increased their price target on Rubrik from $95.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Truist Financial boosted their price objective on Rubrik from $90.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Oppenheimer set a $120.00 target price on shares of Rubrik in a report on Thursday, August 20th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and a consensus price target of $104.56.

Rubrik Stock Up 4.0%

The stock’s fifty day moving average price is $83.75 and its 200-day moving average price is $66.85. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of -66.46 and a beta of 1.17.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. The company’s quarterly revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Analysts anticipate that Rubrik, Inc. will post -1.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RBRK. California State Teachers Retirement System lifted its position in shares of Rubrik by 8,477.0% in the second quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock valued at $1,186,676,000 after buying an additional 14,609,375 shares during the last quarter. Norges Bank acquired a new position in shares of Rubrik in the fourth quarter valued at $345,907,000. First Trust Advisors LP lifted its stake in shares of Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after buying an additional 1,696,342 shares during the period. Finally, Vanguard Group Inc. grew its stake in Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after buying an additional 1,678,255 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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).