Rubrik (NYSE:RBRK) CRO Brian K. Mccarthy Sells 4,670 Shares

Key Points

• Brian McCarthy, Rubrik's Chief Revenue Officer, sold 4,670 shares of the company at an average price of $74.21, decreasing his ownership by 1.13% to 407,632 shares.
• Rubrik's stock price increased by 5.6% recently, reaching $78.03, with a trading volume surpassing its average.
• The company's latest earnings report revealed a revenue of $309.86 million, exceeding expectations, and a significant year-over-year growth of 44.9%.

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 4,670 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $346,560.70. Following the completion of the transaction, the executive owned 407,632 shares of the company's stock, valued at $30,250,370.72. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Rubrik Stock Performance

Shares of RBRK traded up $2.37 on Friday, reaching $80.39. The stock had a trading volume of 10,098,419 shares, compared to its average volume of 5,148,202. The company has a 50-day simple moving average of $86.46 and a 200-day simple moving average of $80.20. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of -34.35 and a beta of 0.44. Rubrik, Inc. has a 12-month low of $30.35 and a 12-month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate 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. During the same period in the previous year, the firm earned ($0.40) EPS. The company's revenue was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. On average, analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RBRK shares. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 target price (up from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Wedbush reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Rubrik in a report on Thursday, September 11th. Robert W. Baird increased their price target on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Cantor Fitzgerald restated an "overweight" rating and issued a $115.00 price objective on shares of Rubrik in a report on Wednesday, September 10th. Finally, KeyCorp upped their price objective on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.38.

Institutional Investors Weigh In On Rubrik

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company's stock valued at $125,000 after purchasing an additional 150 shares in the last quarter. Creative Planning increased its stake in shares of Rubrik by 5.3% in the second quarter. Creative Planning now owns 4,668 shares of the company's stock worth $418,000 after purchasing an additional 236 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Rubrik by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company's stock valued at $53,000 after purchasing an additional 239 shares during the period. Amundi lifted its stake in shares of Rubrik by 0.7% during the 1st quarter. Amundi now owns 37,116 shares of the company's stock valued at $2,132,000 after buying an additional 262 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company's stock valued at $26,000 after buying an additional 268 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

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.