Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,505,500.00 in Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $60.22, for a total value of $1,505,500.00. Following the completion of the transaction, the executive now directly owns 579,217 shares in the company, valued at approximately $34,880,447.74. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rubrik Price Performance

Rubrik stock traded down $5.68 during trading hours on Friday, hitting $51.77. The company had a trading volume of 2,628,555 shares, compared to its average volume of 2,015,263. The firm has a 50-day moving average of $67.92 and a 200 day moving average of $57.32. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The firm has a market cap of $9.82 billion and a PE ratio of -3.76.

Rubrik (NYSE:RBRK - Get Free Report) last issued 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 company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same quarter in the prior year, the firm earned ($1.59) EPS. The business's revenue for the quarter was up 47.5% compared to the same quarter last year. As a group, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RBRK shares. Robert W. Baird decreased their price objective on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. KeyCorp lowered their price objective on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a research report on Wednesday, March 12th. Citigroup lifted their price objective on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. Finally, Guggenheim boosted their target price on Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Rubrik presently has a consensus rating of "Buy" and an average price target of $70.00.

Institutional Investors Weigh In On Rubrik

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

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.