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 the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the sale, the executive now directly owns 412,545 shares of the company’s stock, valued at $16,501,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Rubrik Stock Performance

RBRK traded down $0.13 during midday trading on Tuesday, reaching $39.13. 1,419,715 shares of the company were exchanged, compared to its average volume of 1,524,173. The stock has a fifty day moving average of $33.34. Rubrik, Inc. has a one year low of $28.34 and a one year high of $40.36.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) 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. On average, equities analysts forecast that Rubrik, Inc. will post -7.95 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on RBRK shares. Baird R W raised shares of Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. CIBC raised their price objective on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a report on Tuesday, September 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 price objective on shares of Rubrik in a report on Tuesday, September 10th. BMO Capital Markets cut their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Citigroup raised their price objective on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Sixteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $44.41.

Institutional Trading of Rubrik

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC bought a new position in shares of Rubrik in the second quarter valued at approximately $47,523,000. Clearbridge Investments LLC bought a new position in shares of Rubrik in the second quarter valued at approximately $32,888,000. EPIQ Capital Group LLC bought a new position in shares of Rubrik in the second quarter valued at approximately $15,111,000. SG Americas Securities LLC bought a new position in shares of Rubrik in the third quarter valued at approximately $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Rubrik in the second quarter valued at approximately $7,665,000.

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.