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

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 3,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 153 shares of the company’s stock, valued at approximately $10,714.59. This represents a 95.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $77.31, for a total value 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 value of $169,000.00.

Rubrik Trading Down 1.1 %

Rubrik stock traded down $0.76 during mid-day trading on Thursday, hitting $70.20. The company had a trading volume of 2,635,706 shares, compared to its average volume of 1,923,413. The stock’s 50 day moving average price is $68.59 and its two-hundred day moving average price is $54.40. 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 $13.00 billion and a PE ratio of -5.09.

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 business had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same quarter last year, the business earned ($1.59) earnings per share. The company’s quarterly revenue was up 47.5% on a year-over-year basis. Equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wedbush lifted their price objective on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Truist Financial raised their target price on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their target price on Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Finally, Barclays raised their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $70.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RBRK. Norges Bank bought a new position in shares of Rubrik during the fourth quarter valued at $277,395,000. Vanguard Group Inc. lifted its holdings in shares of Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock valued at $413,610,000 after purchasing an additional 3,372,323 shares in the last quarter. FMR LLC lifted its holdings in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company’s stock valued at $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of Rubrik during the third quarter valued at $44,418,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Rubrik during the third quarter valued at $42,247,000. 49.54% of the stock is owned by institutional investors.

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.