Rubrik Sees Unusually High Options Volume (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) saw unusually large options trading on Friday. Stock traders purchased 6,624 call options on the stock. This represents an increase of approximately 78% compared to the average daily volume of 3,712 call options.

Insider Transactions at Rubrik

In other news, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at approximately $10,342.80. This represents a 94.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,499 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 625,712 shares of company stock worth $41,583,311.

Institutional Investors Weigh In On Rubrik

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in Rubrik during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC boosted its position in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the last quarter. Nemes Rush Group LLC bought a new position in Rubrik in the 4th quarter valued at $39,000. Point72 Hong Kong Ltd bought a new position in Rubrik in the 4th quarter valued at $47,000. Finally, Quarry LP bought a new position in Rubrik in the 4th quarter valued at $48,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Stock Performance

NYSE RBRK opened at $70.54 on Friday. Rubrik has a one year low of $28.34 and a one year high of $80.00. The stock’s 50 day simple moving average is $68.20 and its 200 day simple moving average is $53.27.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. Rubrik’s revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.59) EPS. As a group, equities research analysts forecast that Rubrik will post -7.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several research analyst reports. Truist Financial boosted their price objective on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. KeyCorp cut their price objective on Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday. Barclays boosted their price objective on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird cut their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company upped their price target on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Rubrik has a consensus rating of “Buy” and a consensus price target of $69.78.

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.