Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,750,000.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the executive now owns 331,043 shares in the company, valued at $23,173,010. This represents a 7.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rubrik Stock Performance

Shares of Rubrik stock traded down $0.84 during trading on Tuesday, hitting $70.00. 2,174,711 shares of the stock were exchanged, compared to its average volume of 1,918,287. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock’s fifty day moving average is $68.32 and its 200 day moving average is $54.04. The stock has a market cap of $12.97 billion and a PE ratio of -5.08.

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

Institutional Investors Weigh In On Rubrik

Several large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in shares of Rubrik during the third quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new position in shares of Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC increased its stake in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares during the period. Nemes Rush Group LLC acquired a new position in shares of Rubrik during the fourth quarter valued at approximately $39,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Rubrik during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RBRK shares. Barclays increased their price target on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Robert W. Baird reduced their price target on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, March 12th. KeyCorp cut their price objective on Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Guggenheim lifted their target price on Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $70.00.

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.