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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on 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 owns 387,545 shares in the company, valued at $16,040,487.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Rubrik Stock Performance

Rubrik stock opened at $41.55 on Wednesday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $43.95. The business has a 50-day simple moving average of $35.30.

Rubrik (NYSE:RBRK) last issued its earnings results 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 the consensus estimate of $195.58 million. On average, research analysts expect that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Baird R W raised Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Wells Fargo & Company lowered their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. CIBC boosted their target price on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Robert W. Baird raised their price target on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets dropped their price target on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Sixteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $45.00.

Institutional Investors Weigh In On Rubrik

Large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new position in shares of Rubrik during the third quarter valued at $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the 3rd quarter valued at about $208,000. Register Financial Advisors LLC bought a new position in Rubrik in the 2nd quarter worth about $227,000. Sei Investments Co. acquired a new stake in shares of Rubrik in the second quarter valued at approximately $235,000. Finally, PFG Investments LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $242,000.

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.