Rubrik, Inc. (NYSE:RBRK - Get Free Report) shares traded down 5.5% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $87.25 and last traded at $87.06. 6,868,734 shares traded hands during trading, an increase of 186% from the average session volume of 2,398,743 shares. The stock had previously closed at $92.10.
Specifically, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $91.00, for a total transaction of $318,500.00. Following the sale, the chief financial officer owned 523,095 shares in the company, valued at $47,601,645. This represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Enrique T. Salem sold 21,924 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $89.78, for a total value of $1,968,336.72. Following the transaction, the director directly owned 6,937 shares of the company's stock, valued at approximately $622,803.86. This represents a 75.96% decrease in their ownership of the stock. The disclosure for this sale can be found here.
Analysts Set New Price Targets
A number of research analysts recently issued reports on RBRK shares. Rosenblatt Securities raised their price target on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Wedbush raised their price target on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Roth Capital lifted their price objective on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Cantor Fitzgerald raised their price target on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Finally, UBS Group reissued a "buy" rating on shares of Rubrik in a research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $100.38.
Get Our Latest Stock Analysis on Rubrik
Rubrik Stock Up 2.5%
The stock has a market cap of $17.33 billion, a PE ratio of -31.65 and a beta of 0.86. The company's fifty day moving average is $85.15 and its 200 day moving average is $73.06.
Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. During the same quarter in the prior year, the firm earned ($1.58) EPS. The company's revenue for the quarter was up 48.7% compared to the same quarter last year. Equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.
Institutional Trading of Rubrik
Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in Rubrik in the fourth quarter valued at $28,000. PNC Financial Services Group Inc. bought a new stake in Rubrik in the first quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in Rubrik during the first quarter valued at approximately $31,000. Global Retirement Partners LLC lifted its holdings in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Rubrik by 209.0% in the 1st quarter. Comerica Bank now owns 584 shares of the company's stock worth $36,000 after acquiring an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.
Rubrik Company Profile
(
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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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