Brian Mccarthy Sells 10,000 Shares of Rubrik (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) insider Brian Mccarthy sold 10,000 shares of Rubrik stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $90.83, for a total value of $908,300.00. Following the sale, the insider directly owned 339,319 shares in the company, valued at $30,820,344.77. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Rubrik Stock Down 1.3%

RBRK stock traded down $1.23 during midday trading on Wednesday, hitting $90.08. The company’s stock had a trading volume of 2,900,312 shares, compared to its average volume of 3,231,838. Rubrik, Inc. has a 12 month low of $47.35 and a 12 month high of $103.00. The company has a 50 day moving average of $75.76 and a two-hundred day moving average of $83.55. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of -46.20 and a beta of 0.32.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. During the same period last year, the firm posted ($0.21) EPS. Rubrik’s quarterly revenue was up 48.3% compared to the same quarter last year. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Rubrik by 73.1% in the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after acquiring an additional 5,077,513 shares during the period. Norges Bank bought a new position in Rubrik during the 2nd quarter valued at about $219,132,000. First Trust Advisors LP raised its position in Rubrik by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock worth $399,814,000 after purchasing an additional 1,380,941 shares during the period. Acadian Asset Management LLC lifted its stake in Rubrik by 388.7% in the second quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock worth $139,309,000 after purchasing an additional 1,237,014 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock valued at $200,506,000 after buying an additional 1,229,476 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on RBRK shares. Rosenblatt Securities boosted their price target on shares of Rubrik from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. BMO Capital Markets decreased their target price on Rubrik from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, December 5th. Robert W. Baird raised their price target on Rubrik from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Wedbush reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Rubrik in a report on Friday, December 5th. Finally, Oppenheimer initiated coverage on Rubrik in a research report on Monday, November 17th. They set a “market perform” rating for the company. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.94.

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.