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 dated Tuesday, April 1st. The stock was sold at an average price of $60.22, for a total value of $1,505,500.00. Following the completion of the sale, the executive now owns 579,217 shares of the company’s stock, valued at approximately $34,880,447.74. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rubrik Price Performance

Shares of Rubrik stock opened at $60.43 on Wednesday. The firm has a market cap of $11.47 billion and a price-to-earnings ratio of -4.39. The stock’s 50-day moving average is $68.74 and its 200-day moving average is $56.78. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00.

Rubrik (NYSE:RBRK) last announced 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 company had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same period last year, the firm earned ($1.59) EPS. The company’s revenue was up 47.5% compared to the same quarter last year. On average, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in Rubrik during the fourth quarter worth $28,000. Global Retirement Partners LLC grew its position in shares of Rubrik by 8,333.3% in the 4th 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 4th quarter worth about $39,000. Point72 Hong Kong Ltd bought a new stake in shares of Rubrik in the 4th quarter valued at about $47,000. Finally, Quarry LP acquired a new stake in Rubrik in the 4th quarter valued at about $48,000. 49.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. BMO Capital Markets raised their price objective on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Robert W. Baird cut their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 12th. William Blair started coverage on Rubrik in a research note on Friday, February 7th. They set a “market perform” rating for the company. Finally, Piper Sandler increased their target price on Rubrik from $83.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Two 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $70.00.

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.