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 the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $60.22, for a total transaction of $1,505,500.00. Following the completion of the transaction, the executive now owns 579,217 shares in the company, valued at approximately $34,880,447.74. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $60.43 on Wednesday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The stock has a market capitalization of $11.47 billion and a price-to-earnings ratio of -4.39. The company’s 50 day simple moving average is $68.74 and its 200 day simple moving average is $56.78.

Rubrik (NYSE:RBRK) last posted 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 firm had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.59) earnings per share. As a group, analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RBRK. Piper Sandler upped their price target on shares of Rubrik from $83.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Robert W. Baird decreased their target price on Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. KeyCorp lowered their target price on Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Mizuho boosted their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Finally, Truist Financial increased their price objective on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Rubrik currently has a consensus rating of “Buy” and a consensus price target of $70.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RBRK. Russell Investments Group Ltd. bought a new stake in shares of Rubrik during the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Rubrik during the fourth quarter worth $39,000. Point72 Hong Kong Ltd bought a new position in shares of Rubrik in the 4th quarter valued at $47,000. Finally, Quarry LP acquired a new stake in shares of Rubrik during the 4th quarter valued at $48,000. Institutional investors own 49.54% of the company’s stock.

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.