Insider Selling: Rubrik (NYSE:RBRK) Director Sells $284,458.71 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the completion of the sale, the director owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This trade represents a 3.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rubrik Stock Performance

NYSE RBRK opened at $72.35 on Monday. The firm has a market cap of $14.89 billion, a PE ratio of -49.90 and a beta of 1.09. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75. The firm’s fifty day moving average is $65.44 and its two-hundred day moving average is $62.52.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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. Rubrik’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the company 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. Research analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RBRK. DA Davidson reissued a “buy” rating and issued a $90.00 target price (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Jefferies Financial Group set a $90.00 price target on Rubrik in a report on Friday, June 5th. Mizuho lifted their price objective on shares of Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Piper Sandler reissued an “overweight” rating and issued a $91.00 price objective (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Finally, Guggenheim restated a “buy” rating on shares of Rubrik in a research report on Friday, June 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Essential Partners LLC boosted its position in shares of Rubrik by 99.3% during the 1st quarter. Essential Partners LLC now owns 570 shares of the company’s stock worth $28,000 after purchasing an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Rubrik by 1,360.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares in the last quarter. Financial Life Planners purchased a new position in shares of Rubrik in the 3rd quarter valued at about $31,000. Atlantic Union Bankshares Corp lifted its stake in shares of Rubrik by 100.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 400 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of Rubrik in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors 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).