Trump/Cook, Nissan weakness, more tariffs and gold - what’s moving markets
In a recent filing with the Securities and Exchange Commission, Yvonne Wassenaar, a director at Rubrik, Inc. (NASDAQ:RBRK), disclosed the sale of company stock valued at $193,286. The transactions, executed on February 18, 2025, involved the sale of 2,500 shares of Class A Common Stock at prices ranging from $75.65 to $77.93 per share. The sale comes as Rubrik’s stock has shown remarkable strength, posting a 100% return over the past year and trading near its 52-week high of $80.
The sales were conducted under a pre-established Rule 10b5-1 trading plan, which Wassenaar adopted on July 5, 2024. Following these transactions, Wassenaar retains ownership of 153 shares of the company’s Class A Common Stock.
Additionally, Wassenaar converted 2,500 shares of Class B Common Stock into Class A Common Stock, though this transaction did not involve any cash exchange. The conversion was part of the company’s standard procedure, allowing Class B shares to be converted into Class A shares under specific conditions outlined in Rubrik’s corporate charter.
These transactions are part of routine financial management by company insiders and reflect Wassenaar’s ongoing involvement with Rubrik, a company specializing in prepackaged software services. With a market capitalization of $14.36 billion and a "FAIR" financial health rating from InvestingPro, analysts maintain a bullish outlook on the stock, with price targets ranging from $47 to $90 per share.
In other recent news, Rubrik Inc has reported a strong financial performance, surpassing earnings expectations and raising its full-year revenue guidance. The company announced third-quarter revenue of $236.2 million, exceeding the analyst estimate of $217.6 million, with subscription revenue contributing $221.5 million. Rubrik’s adjusted loss per share was 21 cents, significantly better than the anticipated loss of 40 cents per share. Looking ahead, Rubrik forecasts 2025 revenue between $860 million and $862 million, an increase from the previous range, while also expecting an improved adjusted loss per share. The company projects a narrower range of negative free cash flow compared to earlier estimates.
In response to these developments, several financial firms have adjusted their outlook on Rubrik. Piper Sandler increased its price target to $83, maintaining an Overweight rating, while Mizuho (NYSE:MFG) Securities raised its target to $82, citing Rubrik’s strong data management platform and cyber resiliency solutions. BMO Capital Markets significantly upped its price target to $72, highlighting the company’s robust demand and strategic management. Truist Securities and KeyBanc also raised their price targets to $75, recognizing Rubrik’s market position in cyber resiliency and data security management.
Furthermore, Rubrik’s stock experienced a decline following a significant block trade, where 1.16 million shares were traded at a discount. Despite this, analysts remain optimistic about Rubrik’s future growth, driven by the increasing demand for data security and the company’s strategic advancements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.