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John Wendell Thompson, a director at Rubrik, Inc. (NASDAQ:RBRK), recently executed a series of stock sales totaling approximately $569,222. These transactions took place on March 3, 2025, as disclosed in a Form 4 filing with the Securities and Exchange Commission. The sales come as Rubrik, now valued at $11.37 billion, has demonstrated strong momentum with a 91.54% price return over the past six months.
Thompson sold a total of 9,009 shares of Rubrik’s Class A Common Stock. The shares were sold at prices ranging from $61.31 to $68.25 per share. Following these transactions, Thompson holds 998 shares directly through the John and Sandra Thompson Trust. It’s important to note that these sales were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on October 15, 2024. According to InvestingPro data, analysts have set price targets ranging from $47 to $90, reflecting mixed views on the company’s valuation.
The transactions illustrate Thompson’s ongoing management of his investment in Rubrik, as he continues to maintain a significant position in the company. The company has shown strong business momentum, with revenue growing 33.22% in the last twelve months. For deeper insights into Rubrik’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Rubrik Inc. announced a significant rise in its full-year revenue outlook, which led to a 22% increase in premarket trading. The company reported third-quarter results that surpassed expectations, with total revenue reaching $236.2 million, exceeding the estimated $217.6 million. Rubrik’s subscription revenue accounted for $221.5 million, outperforming the forecast of $205.2 million. The company also improved its revenue guidance for 2025, projecting $860 million to $862 million, up from the previous range of $830 million to $838 million.
Following these developments, several analyst firms have adjusted their price targets for Rubrik. Piper Sandler raised its target to $83, maintaining an Overweight rating, while Mizuho (NYSE:MFG) Securities increased its target to $82, citing Rubrik’s data management and cyber resiliency strengths. BMO Capital Markets significantly raised its target to $72, reflecting confidence in Rubrik’s strong demand and financial performance. Truist Securities and KeyBanc both lifted their targets to $75, acknowledging the company’s unique market position in data security and cyber resiliency.
Rubrik’s management has also provided updated projections, including an expected fourth-quarter revenue between $231.5 million and $233.5 million. The company anticipates an adjusted loss per share of 37 to 41 cents for the quarter. Analysts continue to express optimism about Rubrik’s growth trajectory, with BMO Capital Markets noting the potential impact of GenAI technology on future demand.
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