Rubrik, Inc. (NYSE:RBRK) CRO Sells $423,493.92 in Stock

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

Rubrik Stock Performance

Shares of RBRK traded down $1.41 during trading hours on Friday, hitting $85.76. The stock had a trading volume of 10,138,571 shares, compared to its average volume of 2,338,706. The firm has a market cap of $16.59 billion, a P/E ratio of -30.30 and a beta of 0.87. The company's fifty day simple moving average is $81.71 and its 200 day simple moving average is $71.96. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to analysts' expectations 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 business posted ($1.58) earnings per share. As a group, sell-side analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in Rubrik in the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. purchased a new position in Rubrik in the first quarter valued at about $30,000. Summit Securities Group LLC purchased a new position in Rubrik in the first quarter valued at about $31,000. Global Retirement Partners LLC raised its position in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares during the period. Finally, Comerica Bank raised its position in Rubrik by 209.0% in the first quarter. Comerica Bank now owns 584 shares of the company's stock valued at $36,000 after purchasing an additional 395 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RBRK shares. Wall Street Zen raised Rubrik from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Wedbush raised their price objective on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Oppenheimer restated a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Finally, Robert W. Baird raised their price objective on Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik currently has an average rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Company Profile

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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