PALO ALTO, CA—Brian K. McCarthy, Chief Revenue Officer at Rubrik, Inc. (NASDAQ:RBRK), recently sold 25,000 shares of the company's Class A Common Stock. The shares were sold on November 1st at a weighted average price of $41.39, totaling approximately $1,034,750. This transaction was executed as part of a pre-established Rule 10b5-1 trading plan, which McCarthy adopted on June 27, 2024.
Following this sale, McCarthy retains ownership of 387,545 shares in the data management company. The sale was conducted over multiple transactions, with prices ranging from $41.14 to $41.86 per share. McCarthy has committed to providing detailed information about the number of shares sold at each price upon request.
In other recent news, Rubrik Inc. has seen positive evaluations from several analyst firms such as Citi, Piper Sandler, and KeyBanc, following robust annual recurring revenue (ARR) performance and upward revision of the fiscal year 2025 ARR and margin guidance. Citi maintains a Buy rating on Rubrik, bolstered by recent discussions with the company's management, while Piper Sandler continues to hold an Overweight rating despite recent market underperformance. Furthermore, Rubrik has expanded its cyber recovery solutions to support Nutanix (NASDAQ:NTNX) AHV, a widely-used virtualization platform, enhancing cyber resilience and accelerating forensic investigations after cyberattacks. The firm has also acquired an unnamed company specializing in cyber resilience and AI-driven recovery, marking a strategic move in its growth trajectory. Despite a reduction in its price target by BMO Capital due to broader market trends, the firm maintained an Outperform rating on Rubrik, reflecting confidence in the company's future performance. These are the recent developments for Rubrik Inc.
InvestingPro Insights
Rubrik, Inc. (NASDAQ:RBRK) has been experiencing significant market momentum, as evidenced by its strong recent performance. According to InvestingPro data, the company has seen a robust 25.19% price return over the past month and an impressive 38.27% return over the last three months. This upward trend aligns with the recent insider sale by Chief Revenue Officer Brian K. McCarthy.
Despite the company's current unprofitability, with a negative operating income margin of -142.11% for the last twelve months, Rubrik shows promising signs of growth. An InvestingPro Tip highlights that analysts anticipate sales growth in the current year, which is supported by the company's recent revenue growth of 24.7% over the last twelve months.
It's worth noting that Rubrik is trading near its 52-week high, with its current price at 94.54% of that peak. This strong market performance, coupled with the fact that 10 analysts have revised their earnings upwards for the upcoming period, suggests positive sentiment surrounding the company's future prospects.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for Rubrik, providing a deeper understanding of the company's financial health and market position. These insights can be particularly valuable in contextualizing insider transactions like McCarthy's recent sale.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.