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 the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $60.22, for a total transaction of $1,505,500.00. Following the transaction, the executive now directly owns 579,217 shares of the company’s stock, valued at $34,880,447.74. This represents a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rubrik Trading Up 3.3 %

RBRK opened at $62.44 on Thursday. The company’s 50 day moving average is $68.56 and its 200 day moving average is $56.82. The company has a market cap of $11.85 billion and a price-to-earnings ratio of -4.53. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data 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 period last year, the firm posted ($1.59) earnings per share. Rubrik’s revenue for the quarter was up 47.5% on a year-over-year basis. As a group, analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho raised their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Robert W. Baird lowered their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, March 12th. William Blair began coverage on shares of Rubrik in a research report on Friday, February 7th. They set a “market perform” rating on the stock. Truist Financial lifted their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Citigroup increased their price target on shares of Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $70.00.

Institutional Trading of Rubrik

A number of hedge funds and other institutional investors have recently bought and sold shares of RBRK. Norges Bank bought a new position in shares of Rubrik during the 4th quarter valued at approximately $277,395,000. Vanguard Group Inc. boosted its position in shares of Rubrik by 114.1% in the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock worth $413,610,000 after purchasing an additional 3,372,323 shares during the period. FMR LLC increased its stake in shares of Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Rubrik during the 3rd quarter valued at $42,247,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of Rubrik during the 4th quarter valued at $85,331,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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.