Rubrik, Inc. (NYSE:RBRK) CRO Sells $2,000,250.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $80.01, for a total transaction of $2,000,250.00. Following the completion of the transaction, the executive now owns 529,584 shares of the company’s stock, valued at approximately $42,372,015.84. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rubrik Stock Down 0.1%

Shares of RBRK stock opened at $85.40 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $87.50. The company has a market cap of $16.21 billion and a PE ratio of -6.20. The business’s 50 day moving average is $67.07 and its two-hundred day moving average is $64.14.

Rubrik (NYSE:RBRK) last released 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 for the quarter, compared to the consensus estimate of $233.13 million. During the same quarter last year, the company posted ($1.59) earnings per share. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. As a group, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of institutional investors have recently modified their holdings of the company. Voleon Capital Management LP raised its position in shares of Rubrik by 50.7% in the first quarter. Voleon Capital Management LP now owns 186,205 shares of the company’s stock valued at $11,355,000 after purchasing an additional 62,627 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Rubrik by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company’s stock valued at $57,343,000 after purchasing an additional 236,181 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of Rubrik by 370.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 17,644 shares of the company’s stock valued at $1,076,000 after purchasing an additional 13,893 shares during the period. PharVision Advisers LLC raised its position in shares of Rubrik by 26.6% in the first quarter. PharVision Advisers LLC now owns 3,908 shares of the company’s stock valued at $238,000 after purchasing an additional 820 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Rubrik by 31.6% in the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company’s stock valued at $76,000 after purchasing an additional 300 shares during the period. Institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, March 12th. Wells Fargo & Company increased their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Guggenheim increased their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. KeyCorp reduced their price target on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, William Blair assumed coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $71.05.

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.