Yvonne Wassenaar Sells 2,000 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $99.98, for a total value of $199,960.00. Following the completion of the transaction, the director now owns 153 shares of the company’s stock, valued at $15,296.94. This represents a 92.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Yvonne Wassenaar also recently made the following trade(s):

• On Monday, May 5th, Yvonne Wassenaar sold 2,000 shares of Rubrik stock. The stock was sold at an average price of $72.24, for a total transaction of $144,480.00.
• On Tuesday, March 18th, Yvonne Wassenaar sold 3,000 shares of Rubrik stock. The shares were sold at an average price of $70.03, for a total value of $210,090.00.

Rubrik Stock Performance

Shares of RBRK stock opened at $98.03 on Friday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $103.00. The company has a 50-day simple moving average of $75.32 and a two-hundred day simple moving average of $69.41. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of -34.64 and a beta of 0.87.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analysts’ expectations of $260.39 million. The firm’s revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.58) earnings per share. On average, sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Trading of Rubrik

A number of institutional investors have recently modified their holdings of RBRK. Voloridge Investment Management LLC purchased a new stake in Rubrik in the 4th quarter worth approximately $85,331,000. Green Alpha Advisors LLC lifted its stake in Rubrik by 53.4% in the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company’s stock worth $495,000 after purchasing an additional 2,824 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Rubrik by 2,899.7% in the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company’s stock worth $20,508,000 after purchasing an additional 303,305 shares in the last quarter. FMR LLC lifted its stake in Rubrik by 172.6% in the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock worth $43,610,000 after purchasing an additional 418,457 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RBRK shares. Rosenblatt Securities lifted their price objective on shares of Rubrik from $82.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $120.00 target price (up previously from $80.00) on shares of Rubrik in a research report on Friday. Wall Street Zen upgraded shares of Rubrik from a “hold” rating to a “buy” rating in a research note on Saturday. Truist Financial raised their price objective on Rubrik from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Finally, Roth Capital raised their price objective on Rubrik from $97.00 to $107.00 and gave the company a “buy” rating in a report on Friday. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.81.

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.