Insider Selling: Rubrik, Inc. (NYSE:RBRK) Director Sells 3,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 3,000 shares of Rubrik stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total transaction of $210,090.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at approximately $10,714.59. This trade represents a 95.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 18th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00.
• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00.

Rubrik Stock Performance

Rubrik stock opened at $68.15 on Friday. The company’s 50 day simple moving average is $68.82 and its 200-day simple moving average is $54.74. The company has a market capitalization of $12.62 billion and a price-to-earnings ratio of -4.95. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. The business’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter last year, the business earned ($1.59) earnings per share. Equities analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBRK has been the topic of several research reports. Piper Sandler raised their price target on shares of Rubrik from $83.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Truist Financial raised their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. BMO Capital Markets raised their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Robert W. Baird reduced their target price on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 target price on shares of Rubrik in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $70.00.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC grew its holdings in shares of Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after purchasing an additional 300 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $28,000. KBC Group NV grew its holdings in shares of Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after purchasing an additional 430 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $39,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Company Profile

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.