Yvonne Wassenaar Sells 721 Shares of Rubrik (NYSE:RBRK) Stock

by · The Markets Daily

Rubrik, Inc. (NYSE:RBRK – Get Free Report) Director Yvonne Wassenaar sold 721 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $89.52, for a total transaction of $64,543.92. Following the completion of the sale, the director directly owned 3,709 shares of the company’s stock, valued at $332,029.68. The trade was a 16.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yvonne Wassenaar also recently made the following trade(s):

  • On Monday, August 3rd, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $54,075.00.
  • On Wednesday, July 1st, Yvonne Wassenaar sold 721 shares of Rubrik stock. The stock was sold at an average price of $81.57, for a total transaction of $58,811.97.
  • On Tuesday, June 23rd, Yvonne Wassenaar sold 676 shares of Rubrik stock. The shares were sold at an average price of $75.00, for a total transaction of $50,700.00.

Rubrik Stock Up 5.7%

Shares of RBRK traded up $4.97 during trading hours on Thursday, reaching $92.15. The stock had a trading volume of 3,907,118 shares, compared to its average volume of 3,958,328. The company has a market cap of $18.97 billion, a P/E ratio of -73.13 and a beta of 1.24. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $107.91. The firm has a 50-day moving average of $86.36 and a 200 day moving average of $68.52.

Rubrik (NYSE:RBRK – Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The business had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The business’s revenue was up 43.9% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. As a group, equities analysts expect that Rubrik, Inc. will post -1.21 earnings per share for the current year.

Institutional Trading of Rubrik

A number of institutional investors have recently modified their holdings of RBRK. Corient Private Wealth LP acquired a new position in shares of Rubrik during the second quarter worth about $11,613,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Rubrik in the 2nd quarter valued at approximately $2,810,000. California State Teachers Retirement System raised its position in Rubrik by 8,477.0% in the 2nd quarter. California State Teachers Retirement System now owns 14,781,716 shares of the company’s stock valued at $1,186,676,000 after buying an additional 14,609,375 shares during the last quarter. Straight Path Wealth Management bought a new stake in Rubrik in the 2nd quarter valued at approximately $323,000. Finally, Wedmont Private Capital boosted its position in Rubrik by 181.0% during the 2nd quarter. Wedmont Private Capital now owns 16,054 shares of the company’s stock worth $1,355,000 after acquiring an additional 10,340 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Rubrik from $96.00 to $130.00 and gave the company a “buy” rating in a report on Friday, August 28th. Barclays increased their target price on Rubrik from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Robert W. Baird raised their target price on shares of Rubrik from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Jefferies Financial Group set a $90.00 price target on shares of Rubrik in a research note on Friday, June 5th. Finally, BMO Capital Markets upped their price target on shares of Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Twenty-nine 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $112.15.

Read Our Latest Stock Report on RBRK

About Rubrik

(Get Free Report)

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).

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