Rubrik, Inc. (NYSE:RBRK) Director Sells $210,090.00 in Stock

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 3,000 shares of the business’s 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 directly owns 153 shares of the company’s stock, valued at approximately $10,714.59. The trade was a 95.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

Shares of Rubrik stock traded down $0.76 on Thursday, reaching $70.20. 2,635,706 shares of the company’s stock were exchanged, compared to its average volume of 1,923,413. The company has a market capitalization of $13.00 billion and a P/E ratio of -5.09. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The firm’s 50-day moving average is $68.59 and its two-hundred day moving average is $54.40.

Rubrik (NYSE:RBRK) last issued its 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 company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same quarter in the prior year, the company posted ($1.59) EPS. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. purchased a new stake in Rubrik in the 3rd quarter valued at $25,000. Russell Investments Group Ltd. purchased a new stake in Rubrik in the 4th quarter valued at $28,000. Global Retirement Partners LLC raised its position in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in Rubrik in the 4th quarter valued at $39,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Rubrik in the 4th quarter valued at $47,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on RBRK. BMO Capital Markets boosted their target price on Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. William Blair began coverage on Rubrik in a research note on Friday, February 7th. They set a “market perform” rating for the company. KeyCorp lowered their target price on Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. Wells Fargo & Company upped their price objective on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Finally, Robert W. Baird lowered their price objective on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Rubrik has an average rating of “Buy” and a consensus price target of $70.00.

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.