PALO ALTO, CA—Brian K. McCarthy, Chief Revenue Officer at Rubrik, Inc. (NASDAQ:RBRK), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, McCarthy offloaded 25,000 shares of Class A Common Stock on January 3, 2025. The shares were sold at prices ranging from $66.33 to $68.94, totaling approximately $1.68 million. The sale comes as Rubrik, now valued at $12.29 billion, has seen its stock surge over 123% in the past six months.
Following these transactions, McCarthy retains ownership of 321,560 shares in Rubrik. The sales were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on June 27, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks to avoid any potential accusations of insider trading.
Rubrik, a company specializing in prepackaged software services, continues to be a key player in the tech industry. The company has demonstrated strong momentum with 33.22% revenue growth in the last twelve months, and analysts maintain a bullish outlook with a consensus "Strong Buy" rating. Investors and market watchers will be keen to see how these insider sales might impact the company's stock performance in the coming weeks. For deeper insights into Rubrik's valuation and growth metrics, including 10 additional ProTips, check out InvestingPro.
In other recent news, Rubrik Inc has seen significant changes in its financial outlook. The data management company recently reported a strong revenue growth of 24.7% and exceeded earnings estimates, leading to upward revisions in the full-year 2025 guidance for key financial metrics. Piper Sandler and Mizuho (NYSE:MFG) Securities have upgraded their price targets for Rubrik, maintaining positive ratings on the stock. BMO Capital Markets has also increased its price target significantly, citing strong organic demand for Rubrik's offerings. These are recent developments that investors should note.
Rubrik's robust performance is attributed to its focus on data security and cyber resilience. The company's unique position as the only provider of both cyber resilience and data security management has been highlighted. Looking forward to 2025, Rubrik expects revenue between $860 million and $862 million, an increase from the previous range. The company also forecasts an adjusted loss per share of $1.82 to $1.86, an improvement from the earlier forecast.
Despite potential risks, Rubrik's valuation remains attractive based on its growth prospects in the cloud sector. The company's commitment to data protection and operationalization, combined with its advanced ransomware defenses, distinguishes it from competitors. Analyst firms such as Truist Securities, KeyBanc, and BMO Capital Markets have responded positively to these developments, raising their price targets for Rubrik.
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