Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson Sells 9,009 Shares

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $98.21, for a total transaction of $884,773.89. Following the transaction, the director now directly owns 998 shares in the company, valued at approximately $98,013.58. This represents a 90.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

John Wendell Thompson also recently made the following trade(s):

• On Thursday, May 1st, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $71.45, for a total transaction of $643,693.05.
• On Tuesday, April 1st, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $60.19, for a total transaction of $542,251.71.

Rubrik Price Performance

RBRK stock opened at $98.03 on Friday. The firm has a 50 day simple moving average of $75.32 and a two-hundred day simple moving average of $69.25. The stock has a market cap of $18.60 billion, a PE ratio of -34.64 and a beta of 0.87. Rubrik, Inc. has a one year low of $28.34 and a one year high of $103.00.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. During the same period in the prior year, the business posted ($1.58) EPS. Rubrik’s revenue for the quarter was up 48.7% on a year-over-year basis. On average, research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. William Blair assumed coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a “market perform” rating on the stock. Wall Street Zen raised shares of Rubrik from a “hold” rating to a “buy” rating in a research report on Saturday. Guggenheim boosted their price objective on shares of Rubrik from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price objective (up from $80.00) on shares of Rubrik in a research report on Friday. Finally, Robert W. Baird lifted their price target on shares of Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.81.

Institutional Investors Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in Rubrik during the 4th quarter valued at about $277,395,000. Vanguard Group Inc. increased its stake in Rubrik by 114.1% during the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock valued at $413,610,000 after purchasing an additional 3,372,323 shares in the last quarter. FMR LLC increased its stake in Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock valued at $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Rubrik during the 4th quarter valued at about $85,331,000. Finally, Bank of America Corp DE increased its stake in Rubrik by 1,305.1% during the 4th quarter. Bank of America Corp DE now owns 1,116,804 shares of the company’s stock valued at $72,994,000 after purchasing an additional 1,037,319 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.