Rubrik, Inc. (NYSE:RBRK – Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $64.37, for a total value of $1,609,250.00. Following the completion of the sale, the executive now owns 312,545 shares of the company’s stock, valued at $20,118,521.65. The trade was a 7.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Rubrik Trading Up 20.4 %
Shares of RBRK opened at $64.63 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $72.66. The stock has a fifty day moving average price of $42.65 and a 200-day moving average price of $36.18.
Rubrik (NYSE:RBRK – Get Free Report) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. As a group, analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current year.
Hedge Funds Weigh In On Rubrik
Wall Street Analyst Weigh In
RBRK has been the subject of a number of research reports. Wedbush boosted their price target on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets boosted their price target on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler reiterated an “overweight” rating and issued a $72.00 price target (up previously from $42.00) on shares of Rubrik in a report on Friday. Citigroup boosted their price target on Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a report on Friday. Finally, CIBC boosted their price target on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Rubrik currently has an average rating of “Buy” and an average price target of $60.59.
Read Our Latest Research Report on RBRK
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.
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