Rubrik, Inc. (NYSE:RBRK) CRO Sells $5,953,470.04 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 85,001 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $30,390,986.36. This trade represents a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rubrik Stock Down 7.8 %

NYSE:RBRK opened at $68.46 on Thursday. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The firm has a market capitalization of $12.68 billion and a price-to-earnings ratio of -4.97. The stock’s 50 day moving average price is $69.21 and its two-hundred day moving average price is $55.74.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. Rubrik’s revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the company posted ($1.59) EPS. As a group, analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on RBRK. Wedbush increased their target price on shares of Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Robert W. Baird dropped their price objective on Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 12th. Barclays boosted their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $85.00 price objective on shares of Rubrik in a report on Friday, March 14th. Finally, Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $70.00.

Hedge Funds Weigh In On Rubrik

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC lifted its position in shares of Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Rubrik in the 4th quarter valued at $28,000. KBC Group NV lifted its holdings in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after purchasing an additional 430 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of 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 purchasing an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new position in shares of Rubrik in the fourth 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.