Rubrik, Inc. (NYSE:RBRK) CRO Sells $5,953,470.04 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 85,001 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $5,953,470.04. Following the sale, the executive now owns 433,909 shares in the company, valued at approximately $30,390,986.36. This represents a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Rubrik Stock Performance

Shares of NYSE RBRK traded up $0.69 during trading on Tuesday, reaching $74.15. The company had a trading volume of 2,535,563 shares, compared to its average volume of 1,936,387. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The business’s 50 day moving average price is $68.99 and its 200-day moving average price is $55.35. The stock has a market cap of $13.74 billion and a PE ratio of -5.38.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share 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 analysts’ expectations of $233.13 million. Rubrik’s revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.59) EPS. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Hedge Funds Weigh In On Rubrik

Large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in Rubrik in the third quarter worth about $25,000. Russell Investments Group Ltd. bought a new position in shares of Rubrik in the 4th quarter valued at about $28,000. Global Retirement Partners LLC grew its position 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 worth $33,000 after buying an additional 500 shares during the period. Nemes Rush Group LLC bought a new stake in shares of Rubrik during the fourth quarter worth approximately $39,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Rubrik during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Ratings Changes

RBRK has been the topic of several analyst reports. Barclays boosted their price target on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. William Blair started coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a “market perform” rating for the company. Guggenheim lifted their price objective on Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Truist Financial increased their target price on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Mizuho boosted their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.