Insider Selling: Rubrik, Inc. (NYSE:RBRK) CRO Sells 25,000 Shares of Stock

by · The Markets Daily

Rubrik, Inc. (NYSE:RBRK – Get Free Report) CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.39, for a total transaction of $1,034,750.00. Following the completion of the transaction, the executive now directly owns 387,545 shares of the company’s stock, valued at approximately $16,040,487.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rubrik Price Performance

Rubrik stock traded up $0.03 during trading hours on Tuesday, reaching $41.55. The company had a trading volume of 665,857 shares, compared to its average volume of 1,504,997. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $43.95. The stock has a 50-day simple moving average of $35.30.

Rubrik (NYSE:RBRK – Get Free Report) last issued its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. Sell-side analysts expect that Rubrik, Inc. will post -7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RBRK shares. Wedbush increased their price objective on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial reaffirmed a “buy” rating and issued a $43.00 price target on shares of Rubrik in a report on Tuesday, September 10th. BMO Capital Markets cut their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Robert W. Baird upped their price objective on shares of Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Sixteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $45.00.

Check Out Our Latest Analysis on Rubrik

Hedge Funds Weigh In On Rubrik

Hedge funds have recently modified their holdings of the company. Quent Capital LLC purchased a new position in shares of Rubrik during the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik in the 3rd quarter worth $208,000. Register Financial Advisors LLC purchased a new stake in Rubrik in the second quarter worth about $227,000. Sei Investments Co. purchased a new position in Rubrik during the second quarter valued at $235,000. Finally, PFG Investments LLC bought a new position in Rubrik in the 2nd quarter worth about $242,000.

About Rubrik

(Get Free Report)

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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