Rubrik (NYSE:RBRK) Trading Down 6.3% on Insider Selling

Rubrik, Inc. (NYSE:RBRK) fell 6.3% on Wednesday following insider selling activity. The stock traded as low as $82.86 and last traded at $82.4970. 800,420 shares changed hands during trading, a decline of 79% from the average session volume of 3,899,735 shares. The stock had previously closed at $88.05.

Specifically, Director Ravi Mhatre sold 3,979 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $83.10, for a total transaction of $330,654.90. Following the completion of the sale, the director directly owned 125,351 shares in the company, valued at $10,416,668.10. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RBRK. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research note on Monday, June 1st. Rosenblatt Securities reissued a “buy” rating and set a $90.00 target price on shares of Rubrik in a research report on Monday, June 1st. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a report on Friday, June 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a research report on Friday, June 5th. Finally, Robert W. Baird boosted their price objective on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Twenty-eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and an average price target of $93.96.

Rubrik Price Performance

The company has a market cap of $16.43 billion, a PE ratio of -55.07 and a beta of 1.10. The company has a 50-day moving average price of $73.59 and a two-hundred day moving average price of $62.80.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, June 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. The business’s quarterly revenue was up 39.0% compared to the same quarter last year. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, equities research analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently bought and sold shares of RBRK. Pictet Asset Management Holding SA increased its holdings in shares of Rubrik by 104.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock valued at $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Norges Bank bought a new position in Rubrik during the fourth quarter worth $345,907,000. Legal & General Group Plc lifted its stake in Rubrik by 8.6% during the fourth quarter. Legal & General Group Plc now owns 1,904,810 shares of the company’s stock worth $145,680,000 after purchasing an additional 151,234 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Rubrik by 47.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 595,851 shares of the company’s stock worth $45,571,000 after purchasing an additional 191,738 shares during the period. Finally, Washington University acquired a new position in Rubrik in the fourth quarter worth $3,861,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

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).