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 business'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 transaction, the executive owned 431,052 shares in the company, valued at $37,057,540.44. The trade was a 5.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rubrik Price Performance

Shares of NYSE RBRK traded up $0.62 during trading on Monday, hitting $89.70. The stock had a trading volume of 3,661,732 shares, compared to its average volume of 2,491,090. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00. The company has a market capitalization of $17.36 billion, a PE ratio of -31.70 and a beta of 0.46. The firm has a fifty day moving average of $87.19 and a two-hundred day moving average of $73.68.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. Rubrik's quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.58) EPS. On average, equities analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its holdings in Rubrik by 15.0% during the first quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock valued at $137,035,000 after purchasing an additional 293,275 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Rubrik by 204.1% in the first quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Rubrik by 4,007.4% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Rubrik by 7.3% in 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 buying an additional 48,724 shares in the last quarter. Finally, Voleon Capital Management LP lifted its holdings in shares of Rubrik by 50.7% in the first quarter. Voleon Capital Management LP now owns 186,205 shares of the company's stock worth $11,355,000 after buying an additional 62,627 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RBRK shares. Rosenblatt Securities boosted their target price on shares of Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Cantor Fitzgerald boosted their target price on shares of Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Roth Capital boosted their target price on shares of Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. Finally, UBS Group restated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Rubrik presently has an average rating of "Moderate Buy" and a consensus price target of $100.38.

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.

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