Insider Selling: Rubrik (NYSE:RBRK) Insider Sells 10,000 Shares of Stock

Key Points

• Insider Brian Mccarthy sold 10,000 shares of Rubrik's stock at an average price of $83.03, resulting in a total transaction value of $830,300.
• Rubrik reported a quarterly revenue of $309.86 million, exceeding analyst estimates and showing a 44.9% year-over-year increase.
• Several research firms have raised their price targets for Rubrik, with Barclays setting a new target at $120.00, indicating strong bullish sentiment among analysts.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) insider Brian Mccarthy sold 10,000 shares of the business's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $83.03, for a total value of $830,300.00. Following the completion of the sale, the insider directly owned 359,319 shares of the company's stock, valued at approximately $29,834,256.57. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rubrik Price Performance

RBRK traded down $4.84 during midday trading on Tuesday, reaching $78.35. 2,885,751 shares of the company's stock traded hands, compared to its average volume of 3,256,366. The firm has a fifty day moving average of $84.66 and a two-hundred day moving average of $82.13. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of -33.48 and a beta of 0.24. Rubrik, Inc. has a 52 week low of $37.38 and a 52 week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million for the quarter, compared to the consensus estimate of $282.25 million. The company's revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RBRK. Barclays upped their price target on Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. KeyCorp upped their price target on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. FBN Securities reiterated an "outperform" rating on shares of Rubrik in a report on Wednesday, September 10th. CIBC upped their target price on Rubrik from $125.00 to $130.00 and gave the stock an "outperformer" rating in a report on Thursday, September 11th. Finally, Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $108.67.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in RBRK. Rhumbline Advisers grew its stake in shares of Rubrik by 204.1% in the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock worth $182,000 after buying an additional 2,000 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Rubrik in the 1st quarter worth approximately $820,000. Pursue Wealth Partners LLC purchased a new stake in shares of Rubrik in the 1st quarter worth approximately $2,313,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Rubrik in the 1st quarter worth approximately $225,000. Finally, Bessemer Group Inc. grew its stake in shares of Rubrik by 1,610.7% in the 1st quarter. Bessemer Group Inc. now owns 165,594 shares of the company's stock worth $10,098,000 after buying an additional 155,914 shares during the last quarter. Hedge funds and other 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.

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