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

Rubrik, Inc. (NYSE:RBRK) Director Yvonne Wassenaar sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total transaction of $210,090.00. Following the completion of the transaction, the director now owns 153 shares in the company, valued at approximately $10,714.59. The trade was a 95.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 18th, Yvonne Wassenaar sold 2,500 shares of Rubrik stock. The stock was 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 shares were sold at an average price of $67.60, for a total value of $169,000.00.

Rubrik Stock Down 1.1 %

Shares of RBRK opened at $70.20 on Friday. The business has a 50-day simple moving average of $68.73 and a two-hundred day simple moving average of $54.51. The stock has a market cap of $13.00 billion and a price-to-earnings ratio of -5.09. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.59) EPS. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in Rubrik by 22.1% in the 4th quarter. California State Teachers Retirement System now owns 56,279 shares of the company’s stock worth $3,678,000 after acquiring an additional 10,191 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Rubrik in the fourth quarter worth $115,000. PharVision Advisers LLC purchased a new stake in Rubrik during the fourth quarter valued at $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rubrik by 168.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock valued at $43,610,000 after purchasing an additional 418,457 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Rubrik during the fourth quarter valued at $85,331,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price 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. Wells Fargo & Company raised their price objective on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Rubrik in a research note on Friday, March 14th. KeyCorp lowered their price objective on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Finally, Robert W. Baird reduced their target price on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $70.00.

Rubrik Company Profile

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.