Rubrik (NYSE:RBRK) Insider Sells $908,300.00 in Stock

Rubrik, Inc. (NYSE:RBRK) insider Brian Mccarthy sold 10,000 shares of Rubrik stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $90.83, for a total transaction of $908,300.00. Following the completion of the transaction, the insider directly owned 339,319 shares of the company’s stock, valued at $30,820,344.77. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $81.67 on Friday. The firm’s 50 day moving average price is $75.94 and its 200-day moving average price is $83.54. Rubrik, Inc. has a 52-week low of $47.35 and a 52-week high of $103.00. The company has a market cap of $16.13 billion, a PE ratio of -41.88 and a beta of 0.32.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million during the quarter, compared to analysts’ expectations of $320.19 million. Rubrik’s revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. 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 forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Trading of Rubrik

Several large investors have recently added to or reduced their stakes in RBRK. NewEdge Advisors LLC raised its holdings in Rubrik by 12.0% during the second quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 150 shares during the period. CI Investments Inc. grew its position in shares of Rubrik by 31.7% during the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock worth $71,000 after purchasing an additional 207 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Rubrik by 24.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock valued at $94,000 after purchasing an additional 224 shares during the period. Creative Planning raised its stake in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock valued at $418,000 after purchasing an additional 236 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Rubrik by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RBRK has been the topic of several recent analyst reports. Berenberg Bank assumed coverage on Rubrik in a research report on Tuesday, November 18th. They set a “buy” rating and a $114.00 price objective on the stock. Mizuho raised shares of Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 price target on the stock in a report on Monday, November 17th. Wall Street Zen cut shares of Rubrik from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. UBS Group restated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Finally, Robert W. Baird lifted their target price on shares of Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.