Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson Sells 9,009 Shares

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total value of $542,251.71. Following the completion of the transaction, the director now owns 998 shares of the company’s stock, valued at approximately $60,069.62. This represents a 90.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

John Wendell Thompson also recently made the following trade(s):

• On Monday, March 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $63.18, for a total value of $569,188.62.
• On Monday, February 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $70.98, for a total value of $639,458.82.

Rubrik Trading Up 3.3 %

Shares of NYSE RBRK opened at $62.44 on Thursday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The stock’s fifty day simple moving average is $68.56 and its two-hundred day simple moving average is $56.82. The stock has a market capitalization of $11.85 billion and a PE ratio of -4.53.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. During the same period in the previous year, the company posted ($1.59) EPS. The company’s revenue was up 47.5% on a year-over-year basis. On average, equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of analyst reports. Citigroup boosted their price objective on shares of Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Truist Financial boosted their target price on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. KeyCorp reduced their price target on Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, BMO Capital Markets boosted their price objective on Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a report 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 given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik presently has an average rating of “Buy” and an average target price of $70.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC increased its holdings in Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Rubrik during the fourth quarter worth $28,000. KBC Group NV lifted its position in Rubrik by 19.1% during 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 during the period. Global Retirement Partners LLC boosted its holdings in 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 during the last quarter. Finally, Nemes Rush Group LLC purchased a new position in shares of Rubrik during the 4th quarter valued at about $39,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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.