Rubrik, Inc. (NYSE:RBRK) Director Sells $542,251.71 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $60.19, for a total value of $542,251.71. Following the completion of the transaction, the director now directly owns 998 shares of the company's stock, valued at $60,069.62. This represents a 90.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

John Wendell Thompson also recently made the following trade(s):

• On Monday, March 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The stock was sold at an average price of $63.18, for a total transaction of $569,188.62.
• On Monday, February 3rd, John Wendell Thompson sold 9,009 shares of Rubrik stock. The shares were sold at an average price of $70.98, for a total transaction of $639,458.82.

Rubrik Stock Performance

Shares of RBRK traded down $5.68 during mid-day trading on Friday, reaching $51.77. The company had a trading volume of 2,628,555 shares, compared to its average volume of 2,015,263. The company has a market capitalization of $9.82 billion and a price-to-earnings ratio of -3.76. The firm has a 50-day moving average price of $67.92 and a 200 day moving average price of $57.14. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00.

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Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. During the same period in the previous year, the firm earned ($1.59) EPS. Rubrik's quarterly revenue was up 47.5% on a year-over-year basis. As a group, research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new position in shares of Rubrik during the fourth quarter valued at $28,000. Global Retirement Partners LLC raised its position in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares during the last quarter. Nemes Rush Group LLC bought a new position in Rubrik during the 4th quarter valued at about $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Rubrik during the 4th quarter valued at about $47,000. Finally, Quarry LP bought a new stake in shares of Rubrik in the fourth quarter worth approximately $48,000. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on RBRK shares. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a research note on Wednesday, March 12th. Mizuho increased their target price on Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Wedbush boosted their price target on Rubrik from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $85.00 price objective on shares of Rubrik in a report on Friday, March 14th. Finally, Piper Sandler lifted their target price on shares of Rubrik from $83.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $70.00.

About Rubrik

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.