Stock Traders Purchase High Volume of Put Options on Rubrik (NYSE:RBRK)

Rubrik, Inc. (NYSE:RBRK) was the recipient of some unusual options trading activity on Monday. Stock traders bought 9,271 put options on the stock. This represents an increase of approximately 120% compared to the average daily volume of 4,211 put options.

Insider Activity at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $60.22, for a total value of $1,505,500.00. Following the transaction, the executive now directly owns 579,217 shares in the company, valued at approximately $34,880,447.74. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. The trade was a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 817,426 shares of company stock worth $54,693,394 in the last 90 days.

Institutional Inflows and Outflows

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

Rubrik Stock Down 0.9 %

NYSE:RBRK opened at $60.43 on Wednesday. Rubrik has a 52-week low of $28.34 and a 52-week high of $80.00. The stock has a fifty day simple moving average of $68.74 and a 200-day simple moving average of $56.78. The company has a market capitalization of $11.47 billion and a PE ratio of -4.39.

Rubrik (NYSE:RBRK) last announced its 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 for the quarter, compared to the consensus estimate of $233.13 million. During the same period in the prior year, the firm posted ($1.59) EPS. The company’s revenue was up 47.5% compared to the same quarter last year. As a group, equities analysts anticipate that Rubrik will post -7.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RBRK. Mizuho boosted their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Guggenheim boosted their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Wells Fargo & Company raised their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. BMO Capital Markets boosted their target price on Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Finally, Robert W. Baird reduced their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. Two 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 company’s stock. Based on data from MarketBeat.com, Rubrik presently has an average rating of “Buy” and a consensus price target 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.