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

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $98.20, for a total value of $2,455,000.00. Following the transaction, the executive now directly owns 479,584 shares in the company, valued at approximately $47,095,148.80. This represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rubrik Stock Performance

NYSE RBRK traded down $0.54 during trading on Friday, hitting $98.03. The stock had a trading volume of 6,546,974 shares, compared to its average volume of 2,153,919. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $105.48. The company's 50-day moving average price is $74.56 and its two-hundred day moving average price is $68.88. The company has a market capitalization of $18.60 billion and a PE ratio of -7.11.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. The company's quarterly revenue was up 48.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.58) earnings per share. As a group, equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RBRK. Rhumbline Advisers boosted its holdings in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock valued at $182,000 after buying an additional 2,000 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Rubrik by 4,007.4% during the first quarter. Acadian Asset Management LLC now owns 318,238 shares of the company's stock worth $19,393,000 after buying an additional 310,490 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Rubrik by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 715,953 shares of the company's stock worth $43,659,000 after acquiring an additional 48,724 shares in the last quarter. Voleon Capital Management LP lifted its stake in Rubrik by 50.7% in the first quarter. Voleon Capital Management LP now owns 186,205 shares of the company's stock valued at $11,355,000 after acquiring an additional 62,627 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Rubrik by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock valued at $57,343,000 after acquiring an additional 236,181 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on RBRK shares. William Blair began coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating for the company. Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and raised their price objective for the company from $75.00 to $86.00 in a research note on Thursday, May 15th. Robert W. Baird upped their target price on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday. KeyCorp raised their price target on Rubrik from $98.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Wedbush reissued an "outperform" rating and issued a $120.00 target price (up previously from $80.00) on shares of Rubrik in a research note on Friday. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.81.

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.