Rubrik (NYSE:RBRK) Insider Brian Mccarthy Sells 4,797 Shares

Rubrik, Inc. (NYSE:RBRK) insider Brian Mccarthy sold 4,797 shares of Rubrik stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $76.18, for a total value of $365,435.46. Following the completion of the transaction, the insider owned 340,772 shares of the company’s stock, valued at approximately $25,960,010.96. The trade was a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Rubrik Trading Up 3.8%

RBRK stock opened at $75.95 on Friday. The stock’s 50 day simple moving average is $75.45 and its 200 day simple moving average is $83.04. Rubrik, Inc. has a 12-month low of $47.35 and a 12-month high of $103.00. The firm has a market cap of $15.20 billion, a P/E ratio of -38.95 and a beta of 0.32.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $350.17 million during the quarter, compared to analyst estimates of $320.19 million. During the same period in the prior year, the firm earned ($0.21) EPS. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Rubrik by 73.1% during the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after purchasing an additional 5,077,513 shares during the period. Norges Bank acquired a new stake in Rubrik in the second quarter worth about $219,132,000. First Trust Advisors LP grew its position in Rubrik by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock valued at $399,814,000 after buying an additional 1,380,941 shares in the last quarter. Acadian Asset Management LLC grew its position in Rubrik by 388.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock valued at $139,309,000 after buying an additional 1,237,014 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Rubrik by 101.8% during the 3rd quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after buying an additional 1,229,476 shares during the period. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on RBRK shares. CIBC lifted their price target on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a report on Thursday, September 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a research note on Monday. UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Cantor Fitzgerald reduced their price objective on Rubrik from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Finally, Oppenheimer assumed coverage on Rubrik in a research report on Monday, November 17th. They issued a “market perform” rating on the stock. Twenty analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and a consensus price target of $114.94.

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.