Rubrik (NYSE:RBRK) Insider Brian Mccarthy Sells 10,000 Shares

Rubrik, Inc. (NYSE:RBRK) insider Brian Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $75.90, for a total transaction of $759,000.00. Following the completion of the transaction, the insider owned 349,319 shares of the company’s stock, valued at approximately $26,513,312.10. This trade represents a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Rubrik Stock Down 2.3%

Shares of RBRK stock traded down $1.73 during trading hours on Wednesday, hitting $73.90. 1,354,257 shares of the company’s stock traded hands, compared to its average volume of 3,186,557. Rubrik, Inc. has a 12 month low of $42.01 and a 12 month high of $103.00. The stock has a market cap of $14.59 billion, a PE ratio of -31.58 and a beta of 0.20. The stock’s 50 day simple moving average is $79.73 and its 200 day simple moving average is $84.59.

Rubrik (NYSE:RBRK) last announced its earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. During the same period in the prior year, the business earned ($0.40) earnings per share. The firm’s revenue for the quarter was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Rosenblatt Securities increased their price target on Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. KeyCorp boosted their price objective on Rubrik from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Wedbush reissued an “outperform” rating and issued a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. Finally, FBN Securities reiterated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.67.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after buying an additional 268 shares during the period. Bogart Wealth LLC grew its holdings in Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after buying an additional 243 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Rubrik during the second quarter valued at approximately $27,000. Beacon Capital Management LLC purchased a new position in shares of Rubrik in the second quarter worth $29,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the first quarter worth $30,000. 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.