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John Wendell Thompson, a director at Rubrik, Inc. (NASDAQ:RBRK), a $13.7 billion market cap company whose stock has surged 144% in the past six months, recently sold a significant portion of the company’s Class A common stock. According to a recent SEC filing, Thompson executed sales totaling $639,450 on February 3, 2025. The shares were sold at prices ranging from $69.79 to $71.41 per share, with the stock currently trading near its 52-week high of $77.22. The transactions were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on October 15, 2024. Following these transactions, the shares remain held by the John and Sandra Thompson Trust, for which Thompson serves as a co-trustee.InvestingPro analysis suggests the stock is currently overvalued, with additional insights available through our comprehensive Pro Research Report. Subscribers can access 10+ more exclusive ProTips and detailed financial metrics for smarter investment decisions.
In other recent news, Rubrik Inc. has been the focus of various analyst updates. Piper Sandler has increased Rubrik’s price target from $72 to $83, maintaining an Overweight rating. The updated target reflects the company’s subscription revenue dynamics and growth trajectory, despite potential risks such as macroeconomic factors and competitive pressures. Mizuho (NYSE:MFG) Securities also expressed confidence in Rubrik’s robust data management platform, raising its price target from $75 to $82. This endorsement emphasizes Rubrik’s advanced ransomware defenses and its effectiveness in delivering top-tier cyber resiliency.
BMO Capital Markets increased Rubrik’s price target significantly from $38.00 to $72.00, citing strong demand for the company’s offerings and its ability to execute effectively in the current market conditions. Meanwhile, Rubrik’s shares saw a 22% increase following the announcement that it surpassed earnings expectations and raised its full-year revenue guidance. Truist Securities, KeyBanc, and BMO Capital Markets all increased their price targets for Rubrik, recognizing the company’s unique market position and the momentum in data security. These recent developments highlight the positive outlook and confidence in Rubrik’s financial performance and growth trajectory.
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