Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $100.18, for a total transaction of $2,504,500.00. Following the completion of the transaction, the executive now owns 454,584 shares in the company, valued at approximately $45,540,225.12. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Rubrik Trading Down 6.1%
Shares of NYSE:RBRK traded down $5.72 during midday trading on Tuesday, hitting $87.43. 10,120,079 shares of the stock were exchanged, compared to its average volume of 2,216,058. The stock has a market cap of $16.59 billion, a P/E ratio of -30.89 and a beta of 0.87. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $103.00. The company has a 50 day moving average price of $76.53 and a 200-day moving average price of $69.97.
Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (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 analyst estimates 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) EPS. On average, equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on RBRK shares. Cantor Fitzgerald increased their target price on Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday. Roth Capital increased their target price on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday. CIBC increased their target price on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research note on Monday. UBS Group restated a "buy" rating on shares of Rubrik in a research report on Friday. Finally, Guggenheim boosted their target price on shares of Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.
Get Our Latest Research Report on RBRK
Institutional Investors Weigh In On Rubrik
A number of large investors have recently bought and sold shares of RBRK. Norges Bank acquired a new stake in Rubrik during the 4th quarter valued at $277,395,000. Vanguard Group Inc. lifted its holdings in Rubrik by 114.1% in the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after purchasing an additional 3,372,323 shares in the last quarter. FMR LLC lifted its holdings in Rubrik by 172.6% in the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Rubrik in the 4th quarter valued at about $85,331,000. Finally, Bank of America Corp DE lifted its holdings in Rubrik by 1,305.1% in the 4th quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock valued at $72,994,000 after purchasing an additional 1,037,319 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.
About Rubrik
(
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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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