Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson Sells 9,009 Shares

Rubrik, Inc. (NYSE:RBRK) Director John Wendell Thompson sold 9,009 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $60.19, for a total transaction of $542,251.71. Following the transaction, the director now directly owns 998 shares of the company’s stock, valued at $60,069.62. The trade was a 90.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $639,458.82.

Rubrik Trading Up 3.3 %

Shares of RBRK opened at $62.44 on Thursday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The company has a market capitalization of $11.85 billion and a PE ratio of -4.53. The business’s 50 day moving average is $68.56 and its 200 day moving average is $56.82.

Rubrik (NYSE:RBRK) last released 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 firm had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. The business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.59) earnings per share. Equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings in shares of Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after purchasing an additional 23,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Rubrik in the 3rd quarter worth approximately $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Rubrik by 24.8% in the 3rd 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 acquiring an additional 49,372 shares during the last quarter. Renaissance Capital LLC raised its holdings in shares of Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after acquiring an additional 12,714 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Rubrik during the 3rd quarter valued at approximately $336,000. Institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. KeyCorp reduced their price objective on Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Citigroup upped their price target on shares of Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 17th. BMO Capital Markets raised their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Mizuho upped their target price on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Rosenblatt Securities upgraded shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.