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 business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $50.38, for a total transaction of $1,259,500.00. Following the sale, the executive now owns 362,545 shares in the company, valued at $18,265,017.10. This represents a 6.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rubrik Price Performance

Shares of NYSE RBRK opened at $51.19 on Friday. The business’s 50-day simple moving average is $38.27 and its 200-day simple moving average is $34.82. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $51.58.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on RBRK. Wells Fargo & Company cut their target price on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Oppenheimer began coverage on Rubrik in a research note on Wednesday, November 13th. They issued a “market perform” rating for the company. BMO Capital Markets decreased their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Piper Sandler began coverage on shares of Rubrik in a research report on Monday, August 19th. They issued an “overweight” rating and a $42.00 price target for the company. Finally, CIBC boosted their price objective on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $46.71.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the third quarter valued at about $25,000. KBC Group NV bought a new position in shares of Rubrik in the third quarter worth about $72,000. Quent Capital LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $192,000. Mount Yale Investment Advisors LLC bought a new stake in Rubrik during the 3rd quarter valued at approximately $208,000. Finally, Register Financial Advisors LLC acquired a new stake in Rubrik in the 2nd quarter valued at approximately $227,000.

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.