On January 15, Yvonne Wassenaar, director of Rubrik, Inc. (NASDAQ:RBRK), a $12.36 billion market cap cloud data management company, has completed several transactions involving the company’s Class A common stock. Wassenaar sold a total of 2,500 shares, generating revenue of approximately $168,990. The sale was made at prices ranging from $65.18 to $68.59 per share, amid an impressive 96% rise in the stock over the past six months.
These transactions were part of a Rule 10b5-1 trading plan, which was adopted on July 5, 2024. Following these sales, Wassenaar no longer owns shares of Rubrik’s Class A common stock. InvestingPro analysis, the stock appears to be trading close to its fair value, with 8 additional key insights available to subscribers.
In addition, Wassenaar acquired 153 shares of Class A common stock through the grant of restricted stock units that were fully vested at the time of grant. These acquisitions did not involve any cash transactions. InvestingPro data shows that Rubrik has maintained strong momentum, returning 84% over the past year, although analysts do not expect profitability this year.
In other recent news, Rubrik Inc has seen significant financial development. Piper Sandler and Mizuho (NYSE: ) Securities raised their target prices for Rubrik to $83 and $82, respectively, while maintaining positive ratings. This follows Rubrik’s recent earnings report, where the data management company beat earnings estimates and reported strong revenue growth of 24.7%.
The company’s total revenue reached $236.2 million, beating estimates of $217.6 million. Rubrik also reported an adjusted loss per share of 21 cents, significantly better than the estimated loss of 40 cents per share. These strong results led to upward revisions to Rubrik’s full-year 2025 guidance for key financial metrics, including revenue and earnings per share.
BMO Capital Markets and Truist Securities also reacted positively to these developments, raising their price targets for Rubrik and maintaining their positive ratings on the stock. Rubrik’s recent success is largely attributed to the company’s robust data management platform and its effectiveness in providing superior cyber resilience. These are recent developments that investors should pay attention to.
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