Bank of Montreal Can Has $1.60 Million Stock Position in Rubrik, Inc. (NYSE:RBRK)

Bank of Montreal Can raised its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,460 shares of the company's stock after purchasing an additional 7,378 shares during the quarter. Bank of Montreal Can's holdings in Rubrik were worth $1,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Renaissance Capital LLC boosted its position in Rubrik by 21.2% in the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock valued at $4,757,000 after buying an additional 12,714 shares during the last quarter. FMR LLC lifted its stake in shares of Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after acquiring an additional 2,065,444 shares in the last quarter. US Bancorp DE lifted its stake in shares of Rubrik by 1,329.9% in the fourth quarter. US Bancorp DE now owns 19,547 shares of the company's stock worth $1,278,000 after acquiring an additional 18,180 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Rubrik in the fourth quarter valued at about $11,462,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Rubrik by 434.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 335,238 shares of the company's stock valued at $21,911,000 after purchasing an additional 272,482 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of recent analyst reports. William Blair initiated coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. KeyCorp decreased their price objective on shares of Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday. Robert W. Baird cut their target price on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. Finally, Guggenheim lifted their target price on Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. 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's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $68.83.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 2,000 shares of Rubrik stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total value of $124,060.00. Following the transaction, the chief financial officer now owns 614,798 shares of the company's stock, valued at $38,135,919.94. The trade was a 0.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total transaction of $832,154.74. Following the sale, the insider now directly owns 21,221 shares of the company's stock, valued at approximately $1,336,498.58. This represents a 38.37 % 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 worth $34,167,897 over the last quarter.

Rubrik Stock Down 1.3 %

RBRK stock traded down $0.84 during trading on Friday, reaching $61.48. 2,247,435 shares of the company's stock were exchanged, compared to its average volume of 2,052,199. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The firm has a market cap of $11.67 billion and a PE ratio of -4.46. The company's fifty day moving average price is $64.37 and its 200-day moving average price is $59.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted 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 company had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same period in the prior year, the firm earned ($1.59) earnings per share. The firm's revenue for the quarter was up 47.5% on a year-over-year basis. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.