Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy Sells 25,000 Shares

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the executive now directly owns 331,043 shares in the company, valued at approximately $23,173,010. This represents a 7.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Rubrik Trading Down 2.9 %

Shares of Rubrik stock traded down $2.04 during trading on Friday, reaching $68.15. The company's stock had a trading volume of 3,934,511 shares, compared to its average volume of 1,931,981. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The stock has a 50-day moving average price of $68.82 and a two-hundred day moving average price of $54.74. The stock has a market capitalization of $12.62 billion and a P/E ratio of -4.95.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. Rubrik's revenue was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.59) earnings per share. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

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Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in Rubrik by 22.1% in the fourth quarter. California State Teachers Retirement System now owns 56,279 shares of the company's stock valued at $3,678,000 after acquiring an additional 10,191 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Rubrik during the 4th quarter worth approximately $115,000. PharVision Advisers LLC bought a new stake in shares of Rubrik during the fourth quarter worth approximately $202,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after buying an additional 418,457 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in Rubrik in the fourth quarter valued at approximately $85,331,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBRK has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target on the stock in a research report on Wednesday, March 12th. William Blair assumed coverage on Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating for the company. Piper Sandler boosted their target price on shares of Rubrik from $83.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Finally, Barclays upped their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Two 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $70.00.

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.