Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 85,001 Shares

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 85,001 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $5,953,470.04. Following the transaction, the executive now owns 433,909 shares of the company’s stock, valued at $30,390,986.36. This represents a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rubrik Stock Performance

RBRK opened at $74.15 on Wednesday. The company has a fifty day moving average price of $69.18 and a two-hundred day moving average price of $55.65. The firm has a market capitalization of $13.74 billion and a PE ratio of -5.38. 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 data on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same period in the previous year, the business posted ($1.59) earnings per share. The firm’s revenue for the quarter was up 47.5% compared to the same quarter last year. Equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RBRK. William Blair started coverage on shares of Rubrik in a research report on Friday, February 7th. They set a “market perform” rating for the company. Citigroup lifted their target price on shares of Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Robert W. Baird decreased their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 price target on shares of Rubrik in a report on Friday, March 14th. Finally, Guggenheim boosted their price objective on Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $70.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RBRK. California State Teachers Retirement System increased its stake in Rubrik by 22.1% in the fourth quarter. California State Teachers Retirement System now owns 56,279 shares of the company’s stock valued at $3,678,000 after purchasing an additional 10,191 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of Rubrik in the 4th quarter valued at $115,000. PharVision Advisers LLC acquired a new position in shares of Rubrik in the 4th quarter valued at $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rubrik by 168.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock worth $43,610,000 after buying an additional 418,457 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in Rubrik during the fourth quarter worth about $85,331,000. 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.