Rubrik (NYSE:RBRK) Stock Price Down 7.3% - Time to Sell?

Rubrik, Inc. (NYSE:RBRK - Get Free Report) traded down 7.3% during mid-day trading on Monday . The company traded as low as $58.84 and last traded at $59.03. 952,033 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 1,992,379 shares. The stock had previously closed at $63.66.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RBRK shares. Wedbush lifted their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Robert W. Baird lowered their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company upped their target price on Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Citigroup raised their price target on Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Finally, Guggenheim upped their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $70.00.

Rubrik Price Performance

The firm has a market capitalization of $9.88 billion and a price-to-earnings ratio of -3.78. The stock has a fifty day moving average of $67.92 and a two-hundred day moving average of $57.32.

Remove Ads

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

Insider Transactions at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This trade represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $62.60, for a total value of $112,680.00. Following the transaction, the chief financial officer now directly owns 342,174 shares in the company, valued at approximately $21,420,092.40. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 767,136 shares of company stock valued at $51,241,967.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC grew its holdings in shares of Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Rubrik in the 4th quarter valued at about $28,000. KBC Group NV boosted its stake in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after purchasing an additional 430 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in shares of Rubrik in the fourth quarter worth approximately $39,000. Institutional investors own 49.54% of the company's stock.

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.