Rubrik Revenue Director Brian McCarthy is selling $4.33M worth of shares to Investing.com
Brian K. McCarthy, Chief Revenue Officer of Rubrik, Inc. (NASDAQ:RBRK), recently sold a significant portion of its stake in the company. According to a Form 4 filing with the Securities and Exchange Commission, McCarthy sold 65,517 shares of Rubrik’s Class A common stock on January 7, 2025 at an average price of $66.0569 per share. The total value of this transaction is about 4.33 million dollars. The sale comes as Rubrik, now valued at $11.92 billion, has seen its shares jump nearly 94% over the past six months, with strong revenue growth of 33% over the past twelve months.
Following this sale, McCarthy retains ownership of 406,043 shares in the company. The transaction was part of a cover sale arrangement to satisfy tax liabilities associated with the vesting of restricted stock units (RSUs). According to InvestingPro analysis, Rubrik appears to be trading above its fair value, with analysts setting price targets in the range of $47 to $83 per share. InvestingPro subscribers have access to 8 additional key insights into Rubrik’s financial health and growth prospects.
Additionally, McCarthy was involved in other stock transactions, including the conversion of 150,000 shares of Class B common stock into Class A common stock. However, these transactions did not involve any financial exchange.
In other recent news, data management company Rubrik Inc has seen a number of positive developments. The company reported strong revenue growth of 24.7%, with total revenue reaching $236.2 million, beating estimates of $217.6 million. This strong performance led to an adjusted loss per share of 21 cents, significantly better than the estimated loss of 40 cents per share. As a result, Rubrik updated its full-year 2025 guidance for key financial metrics, including revenue and earnings per share.
Following these results, several analyst firms, including Piper Sandler, Mizuho (NYSE: ) Securities and BMO Capital Markets raised their price targets on Rubrik. Piper Sandler raised its price target to $83 from $72 previously, while Mizuho Securities raised its price target on the company to $82 from $75. BMO Capital Markets significantly increased their target price from $38.00 to $72.00.
These upgrades reflect the company’s confidence in Rubrik’s growth trajectory, driven by its strong financial results and strong demand for its data management platform and cyber resilience solutions. Rubrik’s commitment to data protection and operationalization, combined with advanced ransomware defenses, are highlighted as differentiating factors.
These are recent developments that investors should pay attention to. It’s important to remember that while these analyst firms expressed optimism about Rubrik’s future, they also acknowledge potential risks, including macroeconomic factors, IT spending trends, competitive pressures and governance concerns.
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