Brian K. Mccarthy Sells 4,782 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 4,782 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total value of $423,493.92. Following the sale, the executive now directly owns 456,052 shares of the company's stock, valued at $40,387,965.12. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Rubrik Stock Performance

RBRK stock traded up $4.37 during trading on Monday, reaching $89.88. 4,145,649 shares of the company traded hands, compared to its average volume of 2,342,148. The business has a 50 day simple moving average of $81.71 and a 200 day simple moving average of $72.22. Rubrik, Inc. has a 12 month low of $28.35 and a 12 month high of $103.00. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of -31.76 and a beta of 0.86.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. The firm's quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.58) earnings per share. As a group, research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on RBRK. Piper Sandler reduced their target price on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. KeyCorp restated an "overweight" rating and issued a $113.00 price target (up from $98.00) on shares of Rubrik in a report on Friday, June 6th. Rosenblatt Securities lifted their price objective on shares of Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 6th. Robert W. Baird boosted their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Finally, Wedbush upped their target price on shares of Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Institutional Trading of Rubrik

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Voloridge Investment Management LLC purchased a new position in Rubrik during the 4th quarter worth $85,331,000. Green Alpha Advisors LLC boosted its holdings in Rubrik by 53.4% in the first quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after acquiring an additional 2,824 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Rubrik by 2,899.7% during the fourth quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock worth $20,508,000 after acquiring an additional 303,305 shares during the last quarter. FMR LLC grew its stake in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after acquiring an additional 2,065,444 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Rubrik by 168.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after acquiring an additional 418,457 shares in 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.