Rubrik chief revenue officer McCarthy sells $2.1m in stock

Rubrik, Inc. NASDAQ:RBRK Chief Revenue Officer Brian K. McCarthy sold 24,490 shares of Class A Common Stock on July 1, 2025, for approximately $2.1 million. The sales occurred at weighted average prices ranging from $84.14 to $89.31 per share. The transaction comes as Rubrik’s stock shows impressive momentum, with a 174% return over the past year and trading near its 52-week high of $103. According to InvestingPro, analysts maintain a strong buy consensus with price targets ranging from $97 to $125.

The transactions, were executed under a Rule 10b5-1 trading plan adopted on June 27, 2024.

Specifically, McCarthy sold:

2,800 shares at a weighted average price of $84.14, for a total of $235,592 with prices ranging from $83.69 to $84.66.

11,663 shares at a weighted average price of $85.33, for a total of $995,124 with prices ranging from $84.73 to $85.72.

6,199 shares at a weighted average price of $86.07, for a total of $533,547 with prices ranging from $85.73 to $86.69.

880 shares at a weighted average price of $87.24, for a total of $76,771 with prices ranging from $86.74 to $87.51.

1,110 shares at a weighted average price of $88.72, for a total of $98,479 with prices ranging from $88.04 to $89.02.

2,348 shares at a weighted average price of $89.31, for a total of $209,691 with prices ranging from $89.12 to $89.63.

Following these transactions, McCarthy directly owns 431,052 shares of Rubrik’s Class A Common Stock.

In other recent news, Rubrik Inc. announced robust financial results for the first quarter, with a 49% increase in revenue year-over-year, exceeding consensus estimates by 7%. The company also reported a 53% growth in billings and a 38% rise in subscription annual recurring revenue, reaching $1.181 billion. This strong performance prompted FBN Securities to raise its price target for Rubrik stock to $100, maintaining an Outperform rating. Similarly, BMO Capital increased its price target to $110, citing Rubrik’s strong quarterly performance and large total addressable market.

Additionally, Rubrik announced plans to acquire AI platform Predibase, aiming to enhance its enterprise AI capabilities. This acquisition is expected to address AI implementation challenges such as data access risks and high infrastructure costs. In another development, Rubrik plans to offer $1 billion in Convertible Senior Notes due 2030, with an option for an additional $150 million. The proceeds will be used for capped call transactions, repaying existing loans, and general corporate purposes, including potential acquisitions.

These recent developments highlight Rubrik’s strategic initiatives to strengthen its market position and expand its technological capabilities. The company’s ongoing efforts to integrate AI and manage financial obligations reflect its commitment to long-term growth.

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