Insider Selling: Rubrik (NYSE:RBRK) Insider Sells 10,000 Shares of Stock

Rubrik, Inc. (NYSE:RBRK) insider Brian Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $75.90, for a total value of $759,000.00. Following the transaction, the insider owned 349,319 shares of the company’s stock, valued at $26,513,312.10. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rubrik Price Performance

Shares of NYSE RBRK traded down $1.73 during midday trading on Wednesday, reaching $73.90. 1,354,257 shares of the stock traded hands, compared to its average volume of 3,186,557. The company’s 50 day moving average is $79.73 and its 200 day moving average is $84.59. Rubrik, Inc. has a one year low of $42.01 and a one year high of $103.00. The stock has a market capitalization of $14.59 billion, a PE ratio of -31.58 and a beta of 0.20.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating 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 quarter last year, the business earned ($0.40) EPS. Rubrik’s revenue for the quarter was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. As a group, equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RBRK shares. Rosenblatt Securities raised their price objective on Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Barclays lifted their price objective on shares of Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Wedbush reissued an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $115.00 price target on shares of Rubrik in a research note on Wednesday, September 10th. Finally, KeyCorp increased their price objective on shares of Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.67.

Hedge Funds Weigh In On Rubrik

Several institutional investors and hedge funds have recently modified their holdings of RBRK. NewEdge Advisors LLC grew its holdings in Rubrik by 12.0% in 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 during the period. CI Investments Inc. increased its holdings in Rubrik by 31.7% in the 3rd quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after acquiring an additional 207 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Rubrik by 24.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock worth $94,000 after acquiring an additional 224 shares during the period. Creative Planning lifted its holdings in Rubrik by 5.3% during the second quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Rubrik by 68.5% in the second 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. Hedge funds and other institutional investors own 49.54% of the company’s stock.

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.