Nan Fung Group Holdings Ltd Takes $1.59 Million Position in Rubrik, Inc. (NYSE:RBRK)

Nan Fung Group Holdings Ltd bought a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,338 shares of the company's stock, valued at approximately $1,591,000. Rubrik comprises about 1.3% of Nan Fung Group Holdings Ltd's investment portfolio, making the stock its 23rd largest position.

Several other large investors also recently made changes to their positions in RBRK. Dimensional Fund Advisors LP lifted its holdings in Rubrik by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 36,741 shares of the company's stock worth $2,401,000 after purchasing an additional 1,363 shares during the period. First Trust Advisors LP lifted its stake in shares of Rubrik by 26.6% in the 4th quarter. First Trust Advisors LP now owns 3,156,035 shares of the company's stock worth $206,278,000 after acquiring an additional 662,914 shares during the period. NewEdge Advisors LLC bought a new position in shares of Rubrik in the fourth quarter valued at approximately $62,000. EAM Global Investors LLC acquired a new position in shares of Rubrik during the fourth quarter valued at approximately $4,743,000. Finally, EAM Investors LLC purchased a new stake in shares of Rubrik in the 4th quarter valued at approximately $4,567,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Trading Up 6.4 %

RBRK stock traded up $3.94 during trading on Wednesday, reaching $65.83. 1,708,381 shares of the stock were exchanged, compared to its average volume of 2,054,359. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The company has a market capitalization of $12.49 billion and a P/E ratio of -4.78. The stock has a 50 day simple moving average of $63.67 and a 200-day simple moving average of $59.58.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The company's quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.59) earnings per share. Equities analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent analyst reports. KeyCorp decreased their target price on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. BMO Capital Markets boosted their target price on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Wedbush increased their price target on shares of Rubrik from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, March 14th. Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective for the company in a research note on Wednesday, March 12th. Finally, William Blair began coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $68.83.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.94, for a total value of $1,773,500.00. Following the sale, the executive now directly owns 381,043 shares in the company, valued at $27,031,190.42. This represents a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $74.85, for a total value of $2,431,502.25. Following the transaction, the chief technology officer now owns 219,279 shares of the company's stock, valued at $16,413,033.15. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 515,619 shares of company stock valued at $34,167,897 in the last 90 days.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.