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John Wendell Thompson, a director at Rubrik, Inc. (NASDAQ:RBRK), recently executed a series of stock transactions involving the company’s Class A Common Stock. On April 1, Thompson sold a total of 9,009 shares, generating proceeds of approximately $542,249. The sales were conducted at prices ranging from $59.55 to $61.15 per share, as per the company’s filing with the Securities and Exchange Commission. The stock, currently trading at $62.43, has experienced significant volatility, with InvestingPro data showing a -12% decline over the past week despite a remarkable 93% gain over the last six months.
These transactions were carried out through the John and Sandra Thompson Trust, where Thompson serves as a co-trustee. Notably, the sales were part of a pre-arranged trading plan under Rule 10b5-1, which was adopted on October 15, 2024. Following these transactions, Thompson retains ownership of 998 shares of Class A Common Stock through the trust. With a market capitalization of $11.5 billion and strong revenue growth of 41% in the last twelve months, Rubrik continues to attract analyst attention. InvestingPro subscribers can access detailed analysis, including 8 additional ProTips and comprehensive financial metrics in the Pro Research Report.
In other recent news, Rubrik Inc has reported impressive financial results, drawing attention from several analyst firms. Rubrik’s fourth-quarter performance for fiscal year 2025 exceeded expectations, with better-than-expected annual recurring revenue (ARR), total revenue, and free cash flow (FCF). The company’s guidance for fiscal year 2026 projects further growth and profitability beyond market consensus. Truist Securities reaffirmed a Buy rating and maintained a $90 price target, citing Rubrik’s strong performance and strategic market positioning. Piper Sandler also raised its price target to $87, emphasizing Rubrik’s momentum and transition to cloud-based services. Guggenheim increased its price target to $80, maintaining a Buy rating, and highlighted Rubrik’s innovative approach to cybersecurity. BMO Capital Markets lifted its target to $77, keeping an Outperform rating, and noted Rubrik’s robust net new subscription ARR growth. Meanwhile, KeyBanc Capital Markets adjusted its price target to $82, maintaining an Overweight rating, and expressed optimism about Rubrik’s growth potential in the backup and recovery market. These developments reflect a strong consensus among analysts regarding Rubrik’s promising future in the software industry.
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