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Brian K. McCarthy, the Chief Revenue Officer of Rubrik, Inc. (NASDAQ:RBRK), a cloud data management company with a market capitalization of $11.37 billion and impressive revenue growth of 33% year-over-year, executed a series of stock sales on March 3, 2025, according to a recent SEC filing. McCarthy sold a total of 24,000 shares of the company’s Class A Common Stock, generating proceeds of approximately $1.58 million. The shares were sold at prices ranging from $61.31 to $67.85 per share. According to InvestingPro analysis, the stock appears slightly overvalued at current levels, despite its remarkable 91.5% surge over the past six months.
Following these transactions, McCarthy holds 356,043 shares of Rubrik. The sales were conducted under a Rule 10b5-1 trading plan, which was adopted on June 27, 2024. For deeper insights into insider trading patterns and 8 additional key insights about RBRK, check out the comprehensive analysis available on InvestingPro.
In other recent news, Rubrik Inc. announced a substantial increase in its full-year revenue outlook following stronger-than-expected earnings, leading to a 22% rise in premarket trading. The company reported third-quarter revenue of $236.2 million, surpassing the $217.6 million estimate, and an adjusted loss per share of 21 cents, better than the expected 40 cents. Analysts from Truist Securities and KeyBanc have raised their price targets to $75, citing Rubrik’s unique position in cyber resiliency and data security management. BMO Capital Markets also increased its price target to $72, recognizing the company’s strong demand and solid financial performance. Piper Sandler maintained an Overweight rating, adjusting Rubrik’s price target to $83 based on its updated revenue mix projections.
In addition, Mizuho (NYSE:MFG) Securities raised its price target to $82, highlighting Rubrik’s advanced ransomware defenses and data management capabilities. The company forecasts 2025 revenue between $860 million and $862 million, with an adjusted loss per share projected to improve from earlier estimates. Rubrik’s Subscription Annual Recurring Revenue (ARR) is expected to reach $1.06 billion, aligning with previous forecasts. These developments reflect growing confidence in Rubrik’s market position and its ability to capitalize on increasing demand for data security solutions.
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