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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $50.38, for a total transaction of $1,259,500.00. Following the completion of the transaction, the executive now directly owns 362,545 shares in the company, valued at $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 accessible through this hyperlink.

Rubrik Trading Up 3.9 %

Shares of NYSE:RBRK opened at $51.05 on Friday. The firm’s 50-day moving average is $38.68 and its two-hundred day moving average is $34.94. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $51.58.

Rubrik (NYSE:RBRK) last released its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. As a group, research analysts anticipate that Rubrik, Inc. will post -8.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new position in shares of Rubrik in the 2nd quarter valued at about $47,523,000. Champlain Investment Partners LLC acquired a new stake in Rubrik in the third quarter valued at approximately $44,418,000. Point72 Asset Management L.P. purchased a new position in Rubrik in the third quarter worth approximately $42,247,000. PointState Capital LP acquired a new position in Rubrik during the 3rd quarter worth approximately $40,466,000. Finally, Institutional Venture Management XV LLC increased its position in shares of Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after purchasing an additional 1,131,360 shares during the last quarter.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of analyst reports. BMO Capital Markets reduced their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Oppenheimer began coverage on shares of Rubrik in a research report on Wednesday, November 13th. They set a “market perform” rating on the stock. FBN Securities assumed coverage on shares of Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective for the company. Piper Sandler started coverage on shares of Rubrik in a report on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $46.71.

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.