Arrowstreet Capital Limited Partnership Has $21.91 Million Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Arrowstreet Capital Limited Partnership increased its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 434.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335,238 shares of the company's stock after acquiring an additional 272,482 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.18% of Rubrik worth $21,911,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Rubrik by 134.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company's stock worth $10,462,000 after acquiring an additional 186,485 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Rubrik during the third quarter worth $265,000. BNP Paribas Financial Markets acquired a new position in shares of Rubrik in the third quarter valued at $336,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rubrik in the third quarter valued at about $323,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company's stock worth $7,998,000 after buying an additional 49,372 shares during the last quarter. Institutional investors own 49.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RBRK. Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target on the stock in a research note on Wednesday, March 12th. KeyCorp decreased 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. William Blair initiated coverage on Rubrik in a research note on Friday, February 7th. They set a "market perform" rating on the stock. Guggenheim boosted their price target on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Finally, Truist Financial increased their price objective on Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $70.00.

Remove Ads

Insiders Place Their Bets

In other news, Director Yvonne Wassenaar sold 2,500 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at $10,342.80. This trade represents a 94.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Brian K. Mccarthy sold 65,517 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $66.06, for a total value of $4,328,053.02. Following the transaction, the executive now directly owns 406,043 shares in the company, valued at approximately $26,823,200.58. This trade represents a 13.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 799,635 shares of company stock worth $53,440,849.

Rubrik Stock Down 9.9 %

Shares of NYSE RBRK traded down $5.68 during trading on Friday, reaching $51.77. The company had a trading volume of 2,628,555 shares, compared to its average volume of 2,015,263. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock has a market cap of $9.82 billion and a P/E ratio of -3.76. The company's fifty day moving average price is $67.92 and its 200-day moving average price is $56.97.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results 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 company had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. The firm's revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.59) earnings per share. As a group, equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

About Rubrik

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.