Traders Purchase High Volume of Call Options on Rubrik (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) saw some unusual options trading activity on Tuesday. Investors bought 25,008 call options on the stock. This represents an increase of approximately 271% compared to the average volume of 6,742 call options.

Rubrik Stock Performance

Shares of RBRK stock opened at $54.08 on Wednesday. Rubrik has a 1 year low of $42.25 and a 1 year high of $103.00. The stock has a market cap of $10.94 billion, a PE ratio of -30.55 and a beta of 0.63. The business’s fifty day moving average is $51.74 and its 200-day moving average is $65.24.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data 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 analyst estimates of $342.43 million. During the same quarter last year, the company earned ($0.18) EPS. The company’s quarterly revenue was up 46.3% compared to the same quarter last year. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. Equities research analysts predict that Rubrik will post -1.44 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Mark D. Mclaughlin purchased 10,638 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were bought at an average price of $47.21 per share, with a total value of $502,219.98. Following the completion of the acquisition, the director owned 13,639 shares in the company, valued at approximately $643,897.19. This represents a 354.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $51.69, for a total value of $1,033,800.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 203,113 shares of company stock worth $10,157,582. 32.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rubrik

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

Analysts Set New Price Targets

A number of brokerages have recently commented on RBRK. KeyCorp lowered their price target on Rubrik from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Robert W. Baird reduced their price objective on shares of Rubrik from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, March 6th. DA Davidson set a $70.00 target price on shares of Rubrik in a research report on Friday, March 13th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price (down from $99.00) on shares of Rubrik in a research note on Friday, March 13th. Finally, Stephens started coverage on shares of Rubrik in a research report on Monday, December 29th. They set an “overweight” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.71.

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).