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 Rubrik stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $80.01, for a total value of $2,000,250.00. Following the transaction, the executive now owns 529,584 shares in the company, valued at approximately $42,372,015.84. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rubrik Trading Up 0.8%

NYSE:RBRK opened at $85.25 on Friday. The firm has a market cap of $16.18 billion and a PE ratio of -6.19. The stock has a fifty day moving average price of $66.44 and a 200 day moving average price of $63.70. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $86.86.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on RBRK. Cantor Fitzgerald raised their target price on Rubrik from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday. BMO Capital Markets raised their target price on Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Robert W. Baird cut their target price on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Finally, William Blair began coverage on Rubrik in a research note on Friday, February 7th. They set a “market perform” rating for the company. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $71.05.

Institutional Trading of Rubrik

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in Rubrik during the 4th quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new stake in Rubrik during the 1st quarter worth about $30,000. Global Retirement Partners LLC lifted its holdings in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Rubrik during the 1st quarter worth about $31,000. Finally, Comerica Bank lifted its holdings in Rubrik by 209.0% during the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Company Profile

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.