Ravi Mhatre Sells 3,979 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the transaction, the director directly owned 113,477 shares in the company, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rubrik Trading Up 1.9%

RBRK opened at $72.35 on Friday. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of -49.90 and a beta of 1.10. The business has a 50 day moving average of $65.44 and a 200-day moving average of $62.71.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analyst estimates of $366.31 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The company’s revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. Equities analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Analyst Ratings Changes

RBRK has been the subject of a number of research analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Rubrik in a research report on Friday, June 5th. Wells Fargo & Company decreased their target price on Rubrik from $125.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Piper Sandler restated an “overweight” rating and set a $91.00 price target (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Rubrik in a report on Friday, June 5th. Finally, Truist Financial reissued a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Rubrik in a report on Friday, June 5th. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Rubrik by 12.9% in the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after purchasing an additional 1,678,255 shares during the period. First Trust Advisors LP grew its position in Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares during the period. Norges Bank acquired a new position in Rubrik during the fourth quarter worth $345,907,000. Pictet Asset Management Holding SA raised its stake in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock valued at $193,433,000 after acquiring an additional 178,714 shares during the period. Institutional investors own 49.54% of the company’s stock.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).