Rubrik (NYSE:RBRK) Stock: Insider John Wendell Thompson Sells 11,000 Shares

by · The Markets Daily

Rubrik, Inc. (NYSE:RBRK – Get Free Report) Director John Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $115.69, for a total transaction of $1,272,590.00. Following the completion of the transaction, the director directly owned 8,362 shares in the company, valued at approximately $967,399.78. This trade represents a 56.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Thursday, October 1st, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $115.68, for a total value of $289,200.00.
  • On Tuesday, September 1st, John Thompson sold 2,500 shares of Rubrik stock. The shares were sold at an average price of $89.04, for a total value of $222,600.00.
  • On Tuesday, September 1st, John Thompson sold 11,000 shares of Rubrik stock. The shares were sold at an average price of $89.03, for a total value of $979,330.00.
  • On Monday, August 3rd, John Thompson sold 11,000 shares of Rubrik stock. The stock was sold at an average price of $74.10, for a total value of $815,100.00.
  • On Monday, August 3rd, John Thompson sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $74.11, for a total value of $185,275.00.

Rubrik Trading Up 2.8%

NYSE:RBRK traded up $3.27 on Friday, hitting $118.67. 3,092,771 shares of the company’s stock traded hands, compared to its average volume of 3,707,060. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $118.82. The firm has a 50-day moving average price of $95.72 and a 200-day moving average price of $75.65. The company has a market cap of $24.60 billion, a PE ratio of -94.19 and a beta of 1.11.

Rubrik (NYSE:RBRK – Get Free Report) last posted 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 company had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. Rubrik’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, research analysts forecast that Rubrik, Inc. will post -1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RBRK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a report on Monday, September 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $120.00 price objective on shares of Rubrik in a report on Friday, August 28th. Piper Sandler lifted their price objective on Rubrik from $91.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Mizuho boosted their target price on Rubrik from $90.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird upped their target price on Rubrik from $130.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.42.

Read Our Latest Analysis on Rubrik

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RBRK. Pictet Asset Management Holding SA raised its position in shares of Rubrik by 104.1% in the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after purchasing an additional 1,696,342 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Rubrik by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,448 shares of the company’s stock worth $22,514,000 after buying an additional 28,056 shares during the period. Stephens Investment Management Group LLC grew its stake in Rubrik by 17.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 699,389 shares of the company’s stock valued at $34,249,000 after buying an additional 103,538 shares during the last quarter. Cetera Investment Advisers raised its holdings in 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 acquiring an additional 23,320 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Rubrik by 37.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 57,372 shares of the company’s stock worth $2,810,000 after acquiring an additional 15,643 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Company Profile

(Get Free Report)

Rubrik, Inc is a cybersecurity and data management company that helps organizations protect, manage and recover data across on-premises infrastructure, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and cyber resilience.

The company’s primary offering is Rubrik Security Cloud, a cloud-delivered platform that provides data protection and security capabilities, including policy-based backup, immutable data protection, ransomware recovery, threat monitoring and centralized management.

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