Mark Mclaughlin Buys 10,638 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Mark Mclaughlin purchased 10,638 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was bought at an average cost of $47.21 per share, with a total value of $502,219.98. Following the completion of the purchase, the director owned 13,639 shares of the company’s stock, valued at $643,897.19. This represents a 354.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Rubrik Stock Performance

Rubrik stock opened at $51.42 on Friday. Rubrik, Inc. has a fifty-two week low of $44.75 and a fifty-two week high of $103.00. The stock’s 50 day simple moving average is $53.15 and its two-hundred day simple moving average is $67.97. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of -29.05 and a beta of 0.63.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to the consensus estimate of $342.43 million. The firm’s revenue was up 46.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) EPS. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. On average, analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on RBRK shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a report on Friday, December 5th. Roth Mkm reiterated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Rosenblatt Securities lowered their price target on shares of Rubrik from $120.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Citigroup dropped their price objective on shares of Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, BMO Capital Markets cut their price objective on shares of Rubrik from $105.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $89.10.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently modified their holdings of the stock. Comerica Bank raised its position in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after purchasing an additional 395 shares during the last quarter. Royal Bank of Canada grew its position in Rubrik by 231.3% during the 1st quarter. Royal Bank of Canada now owns 29,320 shares of the company’s stock valued at $1,789,000 after purchasing an additional 20,471 shares during the last quarter. NewEdge Advisors LLC grew its position in Rubrik by 31.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after purchasing an additional 300 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Rubrik by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).