Rubrik (NYSE:RBRK) CRO Sells $346,560.70 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian Mccarthy sold 4,670 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $346,560.70. Following the completion of the sale, the executive owned 407,632 shares of the company’s stock, valued at approximately $30,250,370.72. The trade was a 1.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rubrik Trading Up 3.0%

Shares of Rubrik stock opened at $80.39 on Friday. The company has a 50-day moving average of $86.46 and a two-hundred day moving average of $79.93. Rubrik, Inc. has a 12-month low of $30.35 and a 12-month high of $103.00. The stock has a market cap of $15.55 billion, a PE ratio of -34.35 and a beta of 0.43.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.31. The company had revenue of $309.86 million for the quarter, compared to analyst estimates of $282.25 million. During the same quarter in the previous year, the business posted ($0.40) earnings per share. Rubrik’s revenue 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. On average, sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Ratings Changes

RBRK has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $115.00 price target on shares of Rubrik in a research report on Wednesday, September 10th. Robert W. Baird lifted their price target on shares of Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. BMO Capital Markets reissued an “outperform” rating and set a $110.00 price objective (up from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Rosenblatt Securities raised their price objective on shares of Rubrik from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Barclays raised their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Sixteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.38.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. acquired a new position in shares of Rubrik in the 2nd quarter valued at $762,000. Hudson Bay Capital Management LP acquired a new position in shares of Rubrik in the 2nd quarter valued at $35,657,000. Public Sector Pension Investment Board boosted its holdings in shares of Rubrik by 150.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 150,000 shares of the company’s stock valued at $13,438,000 after purchasing an additional 90,000 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Rubrik by 611.7% in the 2nd quarter. Rakuten Securities Inc. now owns 10,163 shares of the company’s stock valued at $911,000 after purchasing an additional 8,735 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of Rubrik by 25.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 137,979 shares of the company’s stock valued at $12,362,000 after purchasing an additional 27,679 shares during the last quarter. Institutional investors and hedge funds 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.