Rubrik (NYSE:RBRK) Director Yvonne Wassenaar Sells 721 Shares

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $89.52, for a total transaction of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares in the company, valued at approximately $332,029.68. This represents a 16.28% decrease in their position. The sale was disclosed in a legal 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 Monday, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total value of $54,075.00.
• On Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $81.57, for a total value of $58,811.97.
• On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total value of $50,700.00.

Rubrik Trading Up 5.7%

Shares of RBRK stock opened at $92.15 on Friday. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of -73.13 and a beta of 1.24. The stock has a 50-day moving average of $86.36 and a 200-day moving average of $68.52. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $107.91.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The company had revenue of $427.26 million during the quarter, compared to analyst estimates of $396.30 million. Rubrik’s revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -1.21 earnings per share for the current year.

Analyst Ratings Changes

RBRK has been the topic of a number of analyst reports. BMO Capital Markets upped their price objective on shares of Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Telsey Advisory Group set a $120.00 target price on shares of Rubrik in a research note on Friday, August 28th. Jefferies Financial Group set a $90.00 target price on shares of Rubrik in a report on Friday, June 5th. Wolfe Research reaffirmed an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research report on Friday, August 28th. Finally, Guggenheim increased their price target on Rubrik from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.15.

Institutional Trading of Rubrik

Hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP bought a new stake in Rubrik during the 2nd quarter valued at $11,613,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Rubrik in the second quarter valued at $2,810,000. California State Teachers Retirement System grew its holdings in shares of Rubrik by 8,477.0% during 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. Straight Path Wealth Management acquired a new position in shares of Rubrik during the second quarter valued at about $323,000. Finally, Wedmont Private Capital increased its position in shares of Rubrik by 181.0% during the second quarter. Wedmont Private Capital now owns 16,054 shares of the company’s stock worth $1,355,000 after acquiring an additional 10,340 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

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).