Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 85,001 Shares

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 85,001 shares of the firm’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 completion of the sale, the executive now directly owns 433,909 shares in the company, valued at $30,390,986.36. This trade represents a 16.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rubrik Stock Down 4.2 %

Shares of RBRK stock opened at $65.74 on Friday. The company has a market capitalization of $12.18 billion and a P/E ratio of -4.77. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The firm has a 50-day moving average price of $69.17 and a 200 day moving average price of $55.81.

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 firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. The company’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period last year, the firm posted ($1.59) earnings per share. As a group, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC grew its holdings in shares of Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after purchasing an additional 300 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Rubrik during the 4th quarter worth about $28,000. KBC Group NV grew its holdings in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after acquiring an additional 430 shares during the last quarter. Global Retirement Partners LLC increased its position in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in shares of Rubrik in the fourth quarter worth about $39,000. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RBRK. Truist Financial raised their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. KeyCorp cut their price objective on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Barclays lifted their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Mizuho upped their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Rubrik presently 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.