Rubrik (NYSE:RBRK) Stock Price Down 8.4% Following Insider Selling

Rubrik, Inc. (NYSE:RBRK) fell 8.4% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $47.41 and last traded at $47.2780. 839,466 shares changed hands during trading, a decline of 79% from the average session volume of 3,981,605 shares. The stock had previously closed at $51.63.

Specifically, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total transaction of $1,033,800.00. Following the sale, the chief financial officer directly owned 549,901 shares of the company’s stock, valued at $28,424,382.69. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several research firms recently commented on RBRK. Wedbush dropped their target price on Rubrik from $120.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price target (down from $99.00) on shares of Rubrik in a research report on Friday, March 13th. DA Davidson set a $70.00 price target on Rubrik in a research report on Friday, March 13th. Citigroup lowered their price target on Rubrik from $115.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Finally, The Goldman Sachs Group lowered their price target on Rubrik from $120.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.10.

Rubrik Stock Down 10.3%

The company has a market cap of $9.37 billion, a PE ratio of -26.18 and a beta of 0.63. The business has a 50-day simple moving average of $52.14 and a 200-day simple moving average of $67.23.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.15. The firm had revenue of $377.68 million during the quarter, compared to analysts’ expectations of $342.43 million. The business’s revenue was up 46.3% compared to the same quarter last year. During the same quarter last year, the business earned ($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, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio grew its stake in shares of Rubrik by 90.8% in the third quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after buying an additional 29,649 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Rubrik in the third quarter valued at $4,717,000. ARK Investment Management LLC grew its stake in shares of Rubrik by 21.1% in the third quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock valued at $26,247,000 after buying an additional 55,500 shares in the last quarter. Citigroup Inc. grew its stake in shares of Rubrik by 210.2% in the third quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock valued at $8,557,000 after buying an additional 70,504 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in Rubrik by 471.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after purchasing an additional 41,756 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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).