Rubrik, Inc. (NYSE:RBRK) CRO Sells 25,000 Shares

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the transaction, the executive now directly owns 362,545 shares of the company’s stock, valued at approximately $18,265,017.10. The trade was a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rubrik Stock Performance

Shares of RBRK opened at $51.05 on Monday. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $51.58. The stock’s 50-day moving average price is $38.68 and its 200-day moving average price is $34.95.

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 firm had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. Research analysts predict that Rubrik, Inc. will post -8.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new stake in shares of Rubrik during 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 stake in shares of Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik during the 3rd quarter worth approximately $40,466,000. Finally, Institutional Venture Management XV LLC lifted its position in shares of Rubrik by 3,620.4% during 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 buying an additional 1,131,360 shares in the last quarter.

Analyst Ratings Changes

RBRK has been the topic of a number of recent analyst reports. Wedbush upped their price target on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. FBN Securities assumed coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target for the company. Guggenheim raised their price target on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets cut their price objective on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, KeyCorp lifted their target price on shares of Rubrik from $48.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of “Buy” and an average price target 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.