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

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.39, for a total value of $1,034,750.00. Following the completion of the sale, the executive now directly owns 387,545 shares in the company, valued at $16,040,487.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rubrik Price Performance

NYSE:RBRK opened at $44.50 on Friday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $44.98. The company has a fifty day moving average of $35.82.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. Research analysts expect that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. CIBC increased their price target on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research note on Tuesday, September 10th. Citigroup increased their price target on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Wells Fargo & Company decreased their price target on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. FBN Securities assumed coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target for the company. Finally, Wedbush increased their price target on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Rubrik currently has an average rating of “Buy” and an average price target of $45.00.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently bought and sold shares of RBRK. Register Financial Advisors LLC purchased a new stake in Rubrik in the 2nd quarter worth about $227,000. Zweig DiMenna Associates LLC purchased a new stake in Rubrik in the 2nd quarter worth about $6,730,000. EFG Asset Management North America Corp. purchased a new stake in Rubrik in the 2nd quarter worth about $925,000. ARK Investment Management LLC purchased a new stake in Rubrik in the 2nd quarter worth about $6,043,000. Finally, Cisco Systems Inc. purchased a new stake 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.