Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar Sells 3,000 Shares

Rubrik, Inc. (NYSE:RBRK - Get Free Report) Director Yvonne Wassenaar sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total value of $210,090.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at approximately $10,714.59. This trade represents a 95.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Yvonne Wassenaar also recently made the following trade(s):

• On Tuesday, February 18th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00.
• On Wednesday, January 15th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00.

Rubrik Stock Up 8.0 %

Shares of NYSE RBRK traded up $5.43 during mid-day trading on Monday, hitting $73.62. 2,944,799 shares of the company were exchanged, compared to its average volume of 1,936,424. The stock has a 50 day simple moving average of $68.82 and a 200-day simple moving average of $55.05. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The firm has a market cap of $13.64 billion and a price-to-earnings ratio of -5.34.

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Rubrik (NYSE:RBRK - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $233.13 million. The firm's quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter last year, the firm posted ($1.59) earnings per share. Analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company's stock valued at $11,595,000 after acquiring an additional 23,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Rubrik in the third quarter valued at about $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rubrik by 24.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company's stock worth $7,998,000 after buying an additional 49,372 shares in the last quarter. Renaissance Capital LLC grew its position in Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock worth $4,757,000 after buying an additional 12,714 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in Rubrik in the third quarter valued at about $336,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBRK has been the topic of a number of research analyst reports. Wedbush increased their price target on shares of Rubrik from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Piper Sandler boosted their price target on shares of Rubrik from $83.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a research report on Wednesday, March 12th. BMO Capital Markets raised their price target on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Finally, William Blair started coverage on Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $70.00.

Rubrik Company Profile

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.