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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the executive now directly owns 331,043 shares in the company, valued at approximately $23,173,010. The trade was a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Rubrik Price Performance

Rubrik stock opened at $70.80 on Thursday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The business’s fifty day moving average is $68.59 and its 200 day moving average is $54.40. The stock has a market capitalization of $13.12 billion and a PE ratio of -5.14.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. During the same quarter in the previous year, the firm posted ($1.59) earnings per share. The firm’s revenue was up 47.5% on a year-over-year basis. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC boosted its stake in shares of Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Rubrik in the fourth quarter worth about $28,000. KBC Group NV boosted its position in Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after purchasing an additional 430 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Finally, Nemes Rush Group LLC purchased a new stake in shares of Rubrik during the 4th quarter valued at about $39,000. Institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

RBRK has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Mizuho upped their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. BMO Capital Markets increased their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Wells Fargo & Company boosted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Finally, Robert W. Baird cut their price objective on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.