Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells 25,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive now directly owns 337,545 shares in the company, valued at approximately $16,877,250. This represents a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rubrik Stock Performance

RBRK stock traded up $1.69 during mid-day trading on Wednesday, hitting $52.62. 2,269,209 shares of the company were exchanged, compared to its average volume of 1,470,998. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $54.00. The firm’s 50 day simple moving average is $41.14 and its 200 day simple moving average is $35.74.

Rubrik (NYSE:RBRK) last announced its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to analysts’ expectations of $195.58 million. On average, analysts expect that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RBRK. Robert W. Baird increased their target price on shares of Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Truist Financial boosted their target price on shares of Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Citigroup raised their price target on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Wedbush increased their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets dropped their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $46.71.

Institutional Investors Weigh In On Rubrik

Institutional investors have recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in shares of Rubrik in the second quarter valued at approximately $227,000. Zweig DiMenna Associates LLC acquired a new position in shares of Rubrik during the 2nd quarter worth about $6,730,000. EFG Asset Management North America Corp. bought a new position in shares of Rubrik in the 2nd quarter valued at about $925,000. ARK Investment Management LLC acquired a new stake in shares of Rubrik in the second quarter valued at about $6,043,000. Finally, Cisco Systems Inc. acquired a new position in Rubrik during the second quarter valued at approximately $5,613,000.

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.