Rubrik Target of Unusually Large Options Trading (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) was the recipient of some unusual options trading on Thursday. Traders purchased 23,749 call options on the company. This is an increase of 154% compared to the average daily volume of 9,366 call options.

Rubrik Price Performance

Shares of NYSE RBRK opened at $86.36 on Friday. The business has a 50-day moving average of $75.46 and a 200-day moving average of $83.64. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of -44.29 and a beta of 0.32. Rubrik has a fifty-two week low of $47.35 and a fifty-two week high of $103.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million for the quarter, compared to analyst estimates of $320.19 million. The business’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period last year, the company posted ($0.21) earnings per share. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, sell-side analysts expect that Rubrik will post -7.66 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 9,009 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $68.75, for a total transaction of $619,368.75. Following the sale, the director owned 998 shares of the company’s stock, valued at $68,612.50. This trade represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of Rubrik stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $75.90, for a total value of $759,000.00. Following the transaction, the insider owned 349,319 shares in the company, valued at $26,513,312.10. This trade represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 115,966 shares of company stock worth $8,777,876 over the last ninety days. 32.38% of the stock is currently owned by corporate insiders.

Institutional Trading of Rubrik

Large investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of Rubrik by 152.4% during the 3rd quarter. Allworth Financial LP now owns 742 shares of the company’s stock worth $61,000 after purchasing an additional 448 shares during the last quarter. IFP Advisors Inc lifted its stake in Rubrik by 157.5% in the 3rd quarter. IFP Advisors Inc now owns 6,877 shares of the company’s stock valued at $566,000 after purchasing an additional 4,206 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in Rubrik by 107.5% during the third quarter. Swiss Life Asset Management Ltd now owns 5,147 shares of the company’s stock worth $423,000 after purchasing an additional 2,666 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Rubrik during the third quarter worth approximately $347,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Rubrik by 103.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 666 shares of the company’s stock valued at $55,000 after buying an additional 338 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RBRK shares. Guggenheim set a $110.00 price target on shares of Rubrik in a report on Friday. Robert W. Baird boosted their price objective on shares of Rubrik from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday. William Blair raised shares of Rubrik from a “market perform” rating to an “outperform” rating in a research note on Friday. KeyCorp lowered their target price on Rubrik from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Friday. Finally, Oppenheimer started coverage on Rubrik in a report on Monday, November 17th. They issued a “market perform” rating on the stock. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.06.

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.