Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO 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 stock was 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rubrik Stock Up 0.1 %

Shares of Rubrik stock traded up $0.03 on Tuesday, hitting $41.55. The company’s stock had a trading volume of 665,857 shares, compared to its average volume of 1,504,997. The business has a fifty day moving average of $35.30. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $43.95.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, research analysts expect that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

A number of hedge funds and other institutional investors have recently modified their holdings of RBRK. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik in the 2nd quarter worth $47,523,000. Clearbridge Investments LLC purchased a new position in shares of Rubrik during the 2nd quarter valued at $32,888,000. Pathway Capital Management LP acquired a new position in Rubrik in the 3rd quarter worth about $23,527,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Rubrik during the 3rd quarter worth $20,774,000. Finally, EPIQ Capital Group LLC bought a new position in Rubrik during the second quarter valued at about $15,111,000.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird increased their target price on Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. FBN Securities began coverage on shares of Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective on the stock. Piper Sandler initiated coverage on Rubrik in a research note on Monday, August 19th. They set an “overweight” rating and a $42.00 price target for the company. Citigroup raised their target price on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Truist Financial restated a “buy” rating and issued a $43.00 price objective on shares of Rubrik in a report on Tuesday, September 10th. Sixteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $45.00.

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.