Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,259,500.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $50.38, for a total transaction of $1,259,500.00. Following the completion of the sale, the executive now owns 362,545 shares of the company’s stock, valued at approximately $18,265,017.10. This represents a 6.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rubrik Price Performance

Shares of NYSE:RBRK traded up $2.07 on Friday, hitting $51.19. The company had a trading volume of 1,712,564 shares, compared to its average volume of 1,479,527. The stock has a 50 day moving average price of $38.27 and a 200 day moving average price of $34.82. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $51.58.

Rubrik (NYSE:RBRK) last announced its quarterly 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 company had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. Equities analysts expect that Rubrik, Inc. will post -8.04 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Robert W. Baird raised their price target on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Piper Sandler initiated coverage on shares of Rubrik in a research note on Monday, August 19th. They issued an “overweight” rating and a $42.00 price target on the stock. Barclays increased their price objective on shares of Rubrik from $42.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Finally, Wedbush upped their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $46.71.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of RBRK. Brown Brothers Harriman & Co. bought a new stake in Rubrik in the 3rd quarter valued at about $25,000. KBC Group NV acquired a new stake in shares of Rubrik in the third quarter valued at approximately $72,000. Quent Capital LLC bought a new stake in shares of Rubrik in the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik during the third quarter worth approximately $208,000. Finally, Barclays PLC increased its stake in Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after acquiring an additional 7,029 shares during the period.

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.