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

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the sale, the executive now owns 412,545 shares in the company, valued at $16,501,800. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Rubrik Price Performance

NYSE:RBRK traded down $0.13 during midday trading on Tuesday, hitting $39.13. 1,419,715 shares of the stock were exchanged, compared to its average volume of 1,524,175. Rubrik, Inc. has a one year low of $28.34 and a one year high of $40.36. The company's 50-day moving average price is $33.51.

Rubrik (NYSE:RBRK - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $195.58 million. On average, sell-side analysts expect that Rubrik, Inc. will post -7.95 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Guggenheim reiterated a "buy" rating and set a $48.00 target price on shares of Rubrik in a research note on Tuesday, June 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $50.00 price objective on shares of Rubrik in a research note on Tuesday, September 10th. Wedbush decreased their target price on Rubrik from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. CIBC upped their target price on Rubrik from $50.00 to $52.00 and gave the company an "outperformer" rating in a report on Tuesday, September 10th. Finally, FBN Securities started coverage on Rubrik in a research report on Monday, September 30th. They set an "outperform" rating and a $40.00 price objective for the company. Sixteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $44.41.

Institutional Investors Weigh In On Rubrik

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC acquired a new stake in shares of Rubrik during the 2nd quarter valued at $227,000. Zweig DiMenna Associates LLC purchased a new stake in shares of Rubrik during the second quarter valued at $6,730,000. EFG Asset Management North America Corp. purchased a new stake in shares of Rubrik during the second quarter valued at $925,000. ARK Investment Management LLC acquired a new position in shares of Rubrik in the 2nd quarter valued at $6,043,000. Finally, Cisco Systems Inc. purchased a new position in Rubrik in the 2nd quarter worth about $5,613,000.

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.