Rubrik, Inc. (NYSE:RBRK – Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.39, for a total transaction of $1,034,750.00. Following the transaction, the executive now directly owns 387,545 shares of the company’s stock, valued at approximately $16,040,487.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Rubrik Price Performance
Rubrik stock opened at $44.50 on Friday. The firm’s 50 day simple moving average is $35.82. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $44.98.
Rubrik (NYSE:RBRK – Get Free Report) last released its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. As a group, analysts forecast that Rubrik, Inc. will post -7.94 earnings per share for the current year.
Institutional Investors Weigh In On Rubrik
Wall Street Analyst Weigh In
A number of research analysts have recently commented on RBRK shares. Robert W. Baird upped their price objective on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Citigroup upped their price objective on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. FBN Securities initiated coverage on shares of Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective for the company. Truist Financial reiterated a “buy” rating and set a $43.00 target price on shares of Rubrik in a report on Tuesday, September 10th. Finally, Piper Sandler initiated coverage on Rubrik in a report on Monday, August 19th. They set an “overweight” rating and a $42.00 target price for the company. Sixteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Rubrik currently has a consensus rating of “Buy” and a consensus price target of $45.00.
Check Out Our Latest Report on RBRK
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.
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