Amundi Purchases Shares of 36,854 Rubrik, Inc. (NYSE:RBRK)

Amundi bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 36,854 shares of the company's stock, valued at approximately $2,329,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Champlain Investment Partners LLC purchased a new position in Rubrik in the third quarter worth approximately $44,418,000. Point72 Asset Management L.P. purchased a new stake in shares of Rubrik during the 3rd quarter worth $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik during the 3rd quarter worth about $40,466,000. Institutional Venture Management XV LLC increased its holdings in shares of Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock valued at $37,378,000 after acquiring an additional 1,131,360 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Rubrik during the 3rd quarter worth about $35,359,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. William Blair began coverage on Rubrik in a report on Friday, February 7th. They issued a "market perform" rating for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $85.00 target price on shares of Rubrik in a report on Friday, March 14th. Mizuho boosted their price target on shares of Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. KeyCorp cut their target price on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Finally, Wedbush lifted their price target on Rubrik from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $70.00.

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Rubrik Trading Down 1.1 %

Shares of RBRK traded down $0.76 during trading hours on Thursday, reaching $70.20. The company had a trading volume of 2,568,100 shares, compared to its average volume of 1,923,407. The company has a market capitalization of $13.00 billion and a price-to-earnings ratio of -5.09. The firm has a 50 day simple moving average of $68.59 and a 200-day simple moving average of $54.40. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results 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 business had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. The company's quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.59) EPS. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity at Rubrik

In other news, CTO Arvind Nithrakashyap sold 32,484 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total transaction of $2,000,689.56. Following the completion of the transaction, the chief technology officer now owns 219,279 shares of the company's stock, valued at $13,505,393.61. This represents a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction on Friday, December 27th. The shares were sold at an average price of $68.03, for a total transaction of $122,454.00. Following the completion of the transaction, the chief financial officer now owns 343,774 shares in the company, valued at approximately $23,386,945.22. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 618,254 shares of company stock valued at $40,985,299.

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.