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 company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.18, for a total transaction of $2,504,500.00. Following the transaction, the executive now owns 454,584 shares of the company’s stock, valued at approximately $45,540,225.12. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Rubrik Stock Performance

Rubrik stock traded down $4.64 during trading on Monday, hitting $93.27. The company’s stock had a trading volume of 5,988,730 shares, compared to its average volume of 2,179,380. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $103.00. The stock’s fifty day moving average is $75.32 and its 200 day moving average is $69.56. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of -32.96 and a beta of 0.87.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. Rubrik’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.58) EPS. On average, research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RBRK. Russell Investments Group Ltd. bought a new position in Rubrik during the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik in the 1st quarter worth about $30,000. Summit Securities Group LLC bought a new position in shares of Rubrik in the 1st quarter worth about $31,000. Global Retirement Partners LLC lifted its position in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company’s stock worth $36,000 after buying an additional 395 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of analyst reports. Mizuho downgraded shares of Rubrik from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Wells Fargo & Company upped their price objective on shares of Rubrik from $80.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Wedbush restated an “outperform” rating and set a $120.00 price objective (up previously from $80.00) on shares of Rubrik in a research report on Friday. KeyCorp upped their price objective on shares of Rubrik from $98.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, UBS Group restated a “buy” rating on shares of Rubrik in a research report on Friday. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.38.

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.