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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the sale, the executive now owns 362,545 shares in the company, valued at approximately $18,265,017.10. This trade represents a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rubrik Price Performance

Shares of NYSE RBRK opened at $51.19 on Friday. The stock’s 50 day simple moving average is $38.27 and its 200 day simple moving average is $34.82. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $51.58.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. Sell-side analysts expect that Rubrik, Inc. will post -8.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial upped their target price on shares of Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Citigroup raised their price objective on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Wedbush lifted their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Oppenheimer began coverage on Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Finally, FBN Securities assumed coverage on Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 price target for the company. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Rubrik presently has an average rating of “Buy” and a consensus target price of $46.71.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the third quarter worth approximately $25,000. KBC Group NV acquired a new position in shares of Rubrik during the 3rd quarter valued at $72,000. Quent Capital LLC acquired a new position in shares of Rubrik during the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Rubrik in the third quarter valued at $208,000. Finally, Register Financial Advisors LLC bought a new position in Rubrik during the second quarter valued at about $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.