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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 85,001 shares of Rubrik stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $5,953,470.04. Following the sale, the executive now directly owns 433,909 shares in the company, valued at approximately $30,390,986.36. This trade represents a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rubrik Trading Down 7.8 %

Shares of NYSE RBRK opened at $68.46 on Thursday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The company has a 50-day moving average of $69.21 and a two-hundred day moving average of $55.74. The company has a market cap of $12.68 billion and a PE ratio of -4.97.

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 company had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. Rubrik’s revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.59) EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBRK has been the topic of several recent research reports. KeyCorp decreased their price objective on Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Robert W. Baird lowered their price target on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, March 12th. 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 report on Friday, March 14th. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Wednesday, March 12th. Finally, BMO Capital Markets lifted their price objective on Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, March 14th. Two 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.com, Rubrik has an average rating of “Buy” and an average price target of $70.00.

Hedge Funds Weigh In On Rubrik

Hedge funds have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC raised its holdings in Rubrik by 3.0% during the 4th 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 in the fourth quarter valued at approximately $28,000. KBC Group NV boosted its stake in Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after acquiring an additional 430 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new stake in shares of Rubrik during the 4th quarter valued at $39,000. Institutional investors own 49.54% of the company’s stock.

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.