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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $31.25, for a total transaction of $781,250.00. Following the sale, the executive now directly owns 437,545 shares of the company’s stock, valued at $13,673,281.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rubrik Price Performance

NYSE:RBRK opened at $33.19 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $40.00. The business has a 50-day simple moving average of $33.04.

Rubrik (NYSE:RBRK) last issued its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. Equities analysts predict that Rubrik, Inc. will post -7.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik in the 2nd quarter worth approximately $47,523,000. Clearbridge Investments LLC acquired a new stake in Rubrik during the 2nd quarter valued at $32,888,000. EPIQ Capital Group LLC acquired a new stake in Rubrik during the 2nd quarter valued at $15,111,000. SG Americas Securities LLC acquired a new stake in Rubrik during the 3rd quarter valued at $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Rubrik during the 2nd quarter valued at $7,665,000.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RBRK shares. CIBC raised their price target on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a report on Tuesday, September 10th. Truist Financial restated a “buy” rating and set a $43.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Piper Sandler started coverage on shares of Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $50.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Finally, Wedbush cut their price target on shares of Rubrik from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Sixteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $44.41.

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.