Insider Selling: Rubrik (NYSE:RBRK) Insider Sells $759,000.00 in 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 directly owned 349,319 shares of the company’s stock, valued at approximately $26,513,312.10. This trade 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 Trading Up 1.4%

Rubrik stock opened at $71.49 on Friday. Rubrik, Inc. has a 12 month low of $42.01 and a 12 month high of $103.00. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of -30.55 and a beta of 0.20. The business’s fifty day simple moving average is $78.75 and its two-hundred day simple moving average is $84.43.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.31. The company had revenue of $309.86 million during the quarter, compared to analysts’ expectations of $282.25 million. Rubrik’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Rubrik by 315.3% in the third quarter. Creative Planning now owns 19,388 shares of the company’s stock worth $1,595,000 after purchasing an additional 14,720 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Rubrik by 6.6% in the 3rd quarter. Lazard Asset Management LLC now owns 7,847 shares of the company’s stock worth $645,000 after purchasing an additional 488 shares during the period. AQR Capital Management LLC purchased a new position in shares of Rubrik in the third quarter worth approximately $97,828,000. Amundi grew its position in Rubrik by 900.2% during the third quarter. Amundi now owns 494,398 shares of the company’s stock valued at $40,644,000 after buying an additional 444,968 shares during the period. Finally, California State Teachers Retirement System grew its position in Rubrik by 20.8% during the third quarter. California State Teachers Retirement System now owns 110,177 shares of the company’s stock valued at $9,062,000 after buying an additional 18,991 shares during the period. Institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RBRK. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 target price on shares of Rubrik in a research note on Wednesday, September 10th. 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. CIBC lifted their target price on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a report on Thursday, September 11th. Rosenblatt Securities upped their price target on Rubrik from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $120.00 price objective on shares of Rubrik in a report on Thursday, September 11th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.67.

About Rubrik

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.