Interactive Brokers shares jump as it secures spot in S&P 500
Brian K. McCarthy, Chief Revenue Officer of Rubrik, Inc. (NASDAQ:RBRK), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On April 1, McCarthy sold a total of 25,000 shares of Rubrik’s Class A Common Stock, generating proceeds of approximately $1.51 million. The shares were sold at prices ranging from $59.55 to $61.15 per share. The sale comes amid a challenging week for the $11.6 billion market cap company, with the stock down nearly 19% over the past week, though it maintains an impressive 93% gain over the past six months.
The sales were conducted under a pre-established Rule 10b5-1 trading plan, which McCarthy adopted on June 27, 2024. Following these transactions, McCarthy holds 579,217 shares of Rubrik stock. Additionally, on March 30, McCarthy was granted 170,675 restricted stock units, which will vest in quarterly installments subject to continued service with the company. According to InvestingPro data, 14 analysts have recently revised their earnings expectations upward, with price targets ranging from $47 to $90 per share.
These transactions reflect McCarthy’s ongoing management of his equity position in the cloud data management company, which is headquartered in Palo Alto, California. The company has shown strong revenue growth of 41% in the last twelve months, though it currently operates at a loss with a 70% gross margin. For deeper insights into Rubrik’s financial health and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Rubrik Inc has been the focus of several analyst updates following its strong fiscal fourth-quarter performance and promising guidance for fiscal year 2026. Guggenheim analysts raised their price target for Rubrik to $80, maintaining a Buy rating, and noted the company’s impressive annual recurring revenue (ARR) growth compared to peers. BMO Capital also increased its price target to $77, highlighting Rubrik’s robust free cash flow and management’s optimistic forecast for subscription ARR growth. Truist Securities reaffirmed a $90 price target, emphasizing Rubrik’s exceptional fourth-quarter results and its unique position in the data security market.
Piper Sandler raised its price target to $87, maintaining an Overweight rating, and pointed out Rubrik’s significant growth in cloud-based services and its potential for further expansion. Meanwhile, KeyBanc adjusted its price target to $82, citing lower peer multiples but maintained an Overweight rating due to Rubrik’s strong ARR performance and market potential. Analysts from various firms have noted Rubrik’s strategic positioning in cybersecurity and data management, contributing to the company’s continued success and growth expectations. These developments underscore Rubrik’s solid financial results and its strategic initiatives in capturing market share within the competitive software landscape.
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