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 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 transaction, the executive now owns 331,043 shares in the company, valued at $23,173,010. This trade represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Rubrik Stock Up 1.1 %

Rubrik stock opened at $70.80 on Thursday. The company’s 50-day moving average price is $68.59 and its 200-day moving average price is $54.40. The company has a market cap of $13.12 billion and a PE ratio of -5.14. Rubrik, Inc. has a twelve month low of $28.34 and a twelve 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 for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same quarter in the prior year, the firm earned ($1.59) earnings per share. Rubrik’s revenue was up 47.5% compared to the same quarter last year. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently bought and sold shares of RBRK. Norges Bank bought a new position in Rubrik during the fourth quarter valued at $277,395,000. Vanguard Group Inc. boosted its stake in shares of Rubrik by 114.1% during the 4th 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 raised its position in Rubrik by 172.6% in the 4th 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 during the period. Champlain Investment Partners LLC bought a new stake in Rubrik in the third quarter worth about $44,418,000. Finally, Point72 Asset Management L.P. bought a new stake in Rubrik in the third quarter worth about $42,247,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup raised their price objective on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Rosenblatt Securities upgraded shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Wednesday, March 12th. Wedbush upped their price target on shares of Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. KeyCorp decreased their price objective on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Finally, Wells Fargo & Company lifted their target price on shares of Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Two equities research 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 stock. According to MarketBeat, Rubrik presently has an average rating of “Buy” and an average 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.