Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 25,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the executive now owns 331,043 shares of the company’s stock, valued at approximately $23,173,010. The trade was a 7.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rubrik Stock Performance

NYSE:RBRK opened at $70.00 on Wednesday. The business’s fifty day moving average is $68.43 and its 200 day moving average is $54.29. The firm has a market cap of $12.97 billion and a price-to-earnings ratio of -5.08. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. During the same quarter in the previous year, the company posted ($1.59) EPS. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. Equities analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RBRK shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Guggenheim upped their target price on Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday. Wedbush lifted their price target on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. William Blair started coverage on Rubrik in a research report on Friday, February 7th. They issued a “market perform” rating on the stock. Finally, Barclays raised their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $70.00.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently bought and sold shares of RBRK. Wealthcare Advisory Partners LLC grew its position in shares of Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after purchasing an additional 300 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Rubrik in the 4th quarter worth about $28,000. KBC Group NV raised its holdings in shares of Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after acquiring an additional 430 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new position in shares of Rubrik during the fourth quarter worth about $39,000. Institutional investors own 49.54% of the company’s stock.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.