Rubrik, Inc. (NYSE:RBRK) CRO Sells $1,259,500.00 in Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the transaction, the executive now owns 362,545 shares of the company’s stock, valued at approximately $18,265,017.10. This trade represents a 6.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Rubrik Trading Up 3.9 %

NYSE:RBRK opened at $51.05 on Monday. The business’s 50-day moving average is $38.68 and its 200 day moving average is $34.95. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $51.58.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. On average, equities analysts predict that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RBRK shares. Oppenheimer assumed coverage on shares of Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Truist Financial upped their price target on Rubrik from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Guggenheim boosted their target price on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets cut their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, Citigroup lifted their price target on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $46.71.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the third quarter worth approximately $25,000. KBC Group NV bought a new position in shares of Rubrik during the 3rd quarter valued at approximately $72,000. Quent Capital LLC purchased a new stake in Rubrik during the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC purchased a new stake in Rubrik during the 3rd quarter valued at $208,000. Finally, Register Financial Advisors LLC bought a new stake in Rubrik in the second quarter worth $227,000.

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.