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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the executive now owns 331,043 shares in the company, valued at $23,173,010. This represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rubrik Stock Down 1.2 %

Shares of NYSE RBRK traded down $0.84 during trading on Tuesday, hitting $70.00. 2,174,711 shares of the company traded hands, compared to its average volume of 1,918,287. The firm has a market capitalization of $12.97 billion and a P/E ratio of -5.08. The company has a 50-day moving average price of $68.32 and a 200-day moving average price of $54.04. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share 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 analysts’ expectations of $233.13 million. During the same quarter in the prior year, the firm earned ($1.59) EPS. The company’s revenue was up 47.5% compared to the same quarter last year. Research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

A number of hedge funds have recently made changes to their positions in RBRK. Norges Bank acquired a new stake in Rubrik in the 4th quarter valued at $277,395,000. Vanguard Group Inc. raised its holdings in shares of Rubrik by 114.1% during the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock valued at $413,610,000 after buying an additional 3,372,323 shares during the period. FMR LLC lifted its position in Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after acquiring an additional 2,065,444 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in Rubrik during the 3rd quarter worth approximately $44,418,000. Finally, Point72 Asset Management L.P. purchased a new position in Rubrik in the 3rd quarter worth approximately $42,247,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 target price on shares of Rubrik in a research report on Friday. BMO Capital Markets upped their target price on Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday. Barclays raised their price target on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Mizuho boosted their price target on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Citigroup increased their price objective on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price 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.