Rubrik (NYSE:RBRK) Stock Price Down 1.3% After Insider Selling

Rubrik, Inc. (NYSE:RBRK) was down 1.3% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $82.39 and last traded at $82.83. Approximately 2,369,333 shares changed hands during trading, a decline of 28% from the average daily volume of 3,268,215 shares. The stock had previously closed at $83.94.

Specifically, Director John Wendell Thompson sold 9,009 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total value of $745,584.84. Following the sale, the director directly owned 998 shares in the company, valued at approximately $82,594.48. The trade was a 90.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $82.68, for a total value of $289,380.00. Following the completion of the sale, the chief financial officer owned 513,551 shares in the company, valued at $42,460,396.68. This represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RBRK shares. Robert W. Baird boosted their price objective on Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. KeyCorp upped their price target on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. CIBC upped their price target on Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research report on Thursday, September 11th. Wall Street Zen cut Rubrik from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Barclays upped their price target on Rubrik from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.67.

Rubrik Stock Down 1.3%

The company’s 50-day moving average is $85.65 and its two-hundred day moving average is $81.39. The company has a market capitalization of $16.36 billion, a P/E ratio of -35.40 and a beta of 0.24.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.25 million. The firm’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Rubrik in the second quarter worth approximately $27,000. Beacon Capital Management LLC bought a new position in shares of Rubrik in the second quarter worth approximately $29,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik in the first quarter worth approximately $30,000. Finally, Summit Securities Group LLC purchased a new stake in Rubrik in the first quarter worth approximately $31,000. 49.54% of the stock is currently owned by 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.