Trek Financial LLC Takes $2.49 Million Position in Rubrik, Inc. (NYSE:RBRK)

Trek Financial LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,094 shares of the company's stock, valued at approximately $2,490,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. purchased a new stake in Rubrik in the fourth quarter worth approximately $28,000. Global Retirement Partners LLC boosted its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares during the last quarter. Nemes Rush Group LLC bought a new stake in shares of Rubrik in the fourth quarter worth $39,000. Rhumbline Advisers purchased a new stake in Rubrik during the fourth quarter valued at $64,000. Finally, Geneos Wealth Management Inc. bought a new position in Rubrik in the fourth quarter valued at about $70,000. Institutional investors own 49.54% of the company's stock.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the sale, the director now owns 153 shares of the company's stock, valued at $11,828.43. The trade was a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.98, for a total transaction of $639,458.82. Following the sale, the director now directly owns 998 shares in the company, valued at approximately $70,838.04. The trade was a 90.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 732,302 shares of company stock valued at $48,269,123 in the last ninety days.

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Rubrik Price Performance

NYSE:RBRK traded down $2.41 during midday trading on Thursday, hitting $59.28. The company's stock had a trading volume of 1,363,725 shares, compared to its average volume of 2,036,862. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The firm's 50 day moving average is $66.26 and its 200-day moving average is $57.79. The firm has a market cap of $11.25 billion and a P/E ratio of -4.29.

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

Analyst Ratings Changes

A number of research firms have issued reports on RBRK. Cantor Fitzgerald restated an "overweight" rating and set a $85.00 price target on shares of Rubrik in a research note 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 report on Friday, March 14th. William Blair assumed coverage on shares of Rubrik in a research note on Friday, February 7th. They set a "market perform" rating on the stock. Robert W. Baird reduced their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Finally, BMO Capital Markets lifted their target price on Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $69.17.

Rubrik 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.