Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells 25,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the completion of the transaction, the executive now owns 412,545 shares in the company, valued at approximately $16,501,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rubrik Stock Down 0.3 %

RBRK traded down $0.13 during trading on Tuesday, reaching $39.13. The stock had a trading volume of 1,419,715 shares, compared to its average volume of 1,524,173. Rubrik, Inc. has a one year low of $28.34 and a one year high of $40.36. The firm’s 50-day moving average is $33.34.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data 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 firm had revenue of $204.95 million during the quarter, compared to analysts’ expectations of $195.58 million. As a group, equities analysts anticipate that Rubrik, Inc. will post -7.95 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on RBRK shares. FBN Securities started coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective on the stock. Citigroup increased their target price on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Cantor Fitzgerald restated an “overweight” rating and set a $50.00 target price on shares of Rubrik in a research report on Tuesday, September 10th. Guggenheim restated a “buy” rating and set a $48.00 target price on shares of Rubrik in a research report on Tuesday, June 25th. Finally, Wedbush dropped their target price on Rubrik from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Sixteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $44.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RBRK. Dragoneer Investment Group LLC bought a new position in shares of Rubrik during the second quarter valued at about $47,523,000. Clearbridge Investments LLC bought a new position in shares of Rubrik during the second quarter valued at about $32,888,000. EPIQ Capital Group LLC purchased a new stake in shares of Rubrik during the second quarter worth about $15,111,000. SG Americas Securities LLC purchased a new stake in shares of Rubrik during the third quarter worth about $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Rubrik during the second quarter worth about $7,665,000.

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.