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Director John Wendell Thompson of Rubrik, Inc. (NASDAQ:RBRK), currently valued at $16.96 billion, reported selling 8,309 shares of Class A Common Stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The stock, which has delivered an impressive 198% return over the past year according to InvestingPro data, appears overvalued based on Fair Value analysis. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched prices ranging from $84.58 to $90.46, resulting in total proceeds of approximately $786,368.
The filing indicates that the shares sold were held by the John and Sandra Thompson Trust, for which Mr. Thompson serves as co-trustee. The transactions altered Thompson’s holdings to 998 shares held by John and Sandra Thompson Trust and 2702 shares held directly.
Additionally, the director converted 9,009 shares of Class B Common Stock into Class A Common Stock. The company maintains a FAIR financial health score according to InvestingPro’s comprehensive analysis, which includes detailed metrics and expert insights available in the Pro Research Report.
In other recent news, Rubrik reported a strong financial performance in the first quarter, with a 49% increase in revenue year-over-year, surpassing analyst expectations by 7%. The company also saw a 53% growth in billings and a 38% rise in subscription annual recurring revenue, reaching $1.181 billion. Following these results, FBN Securities raised its price target for Rubrik stock to $100, maintaining an Outperform rating. Additionally, Rubrik has announced plans to offer $1 billion in Convertible Senior Notes due 2030, with an option for an additional $150 million, aimed at qualified institutional buyers. The notes will be general unsecured obligations, with flexible conversion terms allowing for cash, stock, or a combination thereof. In a strategic move to enhance its enterprise AI capabilities, Rubrik plans to acquire Predibase, a platform known for reducing AI infrastructure costs and improving model performance. Furthermore, Rubrik is expanding its data protection services to include Amazon (NASDAQ:AMZN) DynamoDB and enhanced support for Amazon RDS for PostgreSQL, offering immutable protection by default. These developments reflect Rubrik’s ongoing efforts to strengthen its market position and broaden its service offerings.
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