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 Tuesday, July 1st. The shares were sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the completion of the transaction, the executive owned 431,052 shares of the company's stock, valued at $37,057,540.44. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Rubrik Stock Performance

Shares of Rubrik stock traded down $2.85 during trading on Tuesday, hitting $87.00. 2,476,436 shares of the stock were exchanged, compared to its average volume of 2,491,233. The stock's fifty day moving average is $87.19 and its 200 day moving average is $73.68. The stock has a market cap of $16.83 billion, a PE ratio of -30.74 and a beta of 0.46. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released 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 firm had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. The firm's revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.58) EPS. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RBRK shares. Guggenheim upped their price target on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. Rosenblatt Securities upped their price target on shares of Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 6th. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Finally, Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and upped their price target for the company from $75.00 to $86.00 in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Hedge Funds Weigh In On Rubrik

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Rubrik during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the first quarter worth about $30,000. Summit Securities Group LLC bought a new position in shares of Rubrik during the first quarter worth about $31,000. Comerica Bank grew its position in Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after buying an additional 395 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in Rubrik in the 4th quarter valued at about $39,000. Institutional investors own 49.54% of the company's stock.

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.