Rubrik Target of Unusually High Options Trading (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) saw some unusual options trading on Wednesday. Stock investors bought 21,103 call options on the company. This is an increase of 160% compared to the average volume of 8,118 call options.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RBRK. KeyCorp boosted their price objective on Rubrik from $70.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $90.00 target price on shares of Rubrik in a research note on Monday, June 1st. Wolfe Research reiterated an “outperform” rating and issued a $95.00 price target on shares of Rubrik in a research report on Friday, June 5th. Oppenheimer boosted their price target on shares of Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Rubrik Price Performance

Shares of NYSE:RBRK traded down $0.33 on Friday, reaching $83.31. 3,018,905 shares of the company traded hands, compared to its average volume of 4,392,157. The stock has a market capitalization of $17.15 billion, a PE ratio of -57.45 and a beta of 1.10. The company’s 50 day moving average is $67.64 and its 200-day moving average is $62.32. Rubrik has a fifty-two week low of $42.25 and a fifty-two week high of $99.75.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The business’s revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, analysts expect that Rubrik will post -1.16 EPS for the current year.

Insider Activity at Rubrik

In related news, Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $81.57, for a total value of $58,811.97. Following the completion of the sale, the director owned 4,638 shares of the company’s stock, valued at $378,321.66. This represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the transaction, the director directly owned 113,477 shares in the company, valued at approximately $8,112,470.73. The trade was a 3.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 281,702 shares of company stock valued at $22,567,916 in the last ninety days. Company insiders own 13.66% of the company’s stock.

Institutional Trading of Rubrik

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Rubrik by 12.9% in the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Rubrik by 42.8% in the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Norges Bank acquired a new position in Rubrik in the 4th quarter worth approximately $345,907,000. Pictet Asset Management Holding SA boosted its stake in Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the period. Finally, Geode Capital Management LLC grew its position in Rubrik by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after purchasing an additional 178,714 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

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).