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

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 721 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $116.61, for a total transaction of $84,075.81. Following the completion of the transaction, the director owned 2,988 shares in the company, valued at $348,430.68. This represents a 19.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $119.00, for a total transaction of $85,799.00.
• On Thursday, September 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The shares were sold at an average price of $89.52, for a total transaction of $64,543.92.

Rubrik Price Performance

RBRK traded up $2.38 during trading on Wednesday, hitting $118.89. 2,433,173 shares of the stock traded hands, compared to its average volume of 3,095,918. The firm has a market capitalization of $24.65 billion, a P/E ratio of -94.35 and a beta of 1.08. The firm has a 50-day moving average of $111.67 and a 200 day moving average of $77.48. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $139.92.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. The firm had revenue of $427.26 million during the quarter, compared to the consensus estimate of $396.30 million. During the same period last year, the business earned ($0.03) EPS. Rubrik’s revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities analysts predict that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent analyst reports. BTIG Research raised their target price on Rubrik from $109.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Citigroup upped their price target on Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, August 28th. UBS Group reiterated a “buy” rating and issued a $106.00 price objective on shares of Rubrik in a report on Wednesday, August 19th. KeyCorp lifted their price objective on Rubrik from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Finally, Oppenheimer set a $120.00 price objective on Rubrik in a research report on Thursday, August 20th. Thirty investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rubrik currently has a consensus rating of “Moderate Buy” and an average price target of $118.04.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Congress Asset Management Co. increased its stake in shares of Rubrik by 32.6% in the 3rd quarter. Congress Asset Management Co. now owns 715,550 shares of the company’s stock worth $81,909,000 after acquiring an additional 175,866 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Rubrik by 11.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after acquiring an additional 28,056 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Rubrik by 36.6% in the 1st quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock worth $4,262,000 after purchasing an additional 23,320 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Rubrik by 37.5% in the first quarter. The Manufacturers Life Insurance Company now owns 57,372 shares of the company’s stock worth $2,810,000 after purchasing an additional 15,643 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Rubrik by 35.4% during the second quarter. Handelsbanken Fonder AB now owns 44,400 shares of the company’s stock valued at $3,564,000 after purchasing an additional 11,600 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc is a cybersecurity and data-management company that provides organizations with tools to protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to help businesses maintain data availability, strengthen cyber resilience and recover operations following events such as ransomware attacks, system failures or other disruptions.

The company’s Rubrik Security Cloud platform combines data backup, recovery, archival, monitoring and security capabilities.