Bessemer Group Inc. Has $632,000 Stock Position in Rubrik, Inc. (NYSE:RBRK)

Bessemer Group Inc. lowered its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 81.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,680 shares of the company's stock after selling 41,753 shares during the period. Bessemer Group Inc.'s holdings in Rubrik were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Rubrik during the 4th quarter worth $28,000. Global Retirement Partners LLC increased its position in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the period. Nemes Rush Group LLC bought a new stake in Rubrik during the fourth quarter worth about $39,000. Rhumbline Advisers bought a new position in Rubrik in the 4th quarter valued at about $64,000. Finally, Geneos Wealth Management Inc. acquired a new position in Rubrik during the fourth quarter valued at approximately $70,000. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RBRK has been the topic of a number of research analyst reports. Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target on the stock in a research report on Wednesday, March 12th. KeyCorp decreased their price target on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday. William Blair initiated coverage on Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating on the stock. BMO Capital Markets lifted their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Finally, Guggenheim upped their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $68.83.

Insiders Place Their Bets

In other news, major shareholder Lightspeed Management Company, sold 13,213 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total value of $832,154.74. Following the completion of the sale, the insider now directly owns 21,221 shares in the company, valued at approximately $1,336,498.58. The trade was a 38.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of the business's stock in a transaction 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 transaction, the director now directly owns 998 shares in the company, valued at $70,838.04. This trade represents a 90.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 515,619 shares of company stock worth $34,167,897 over the last ninety days.

Rubrik Price Performance

RBRK stock traded down $0.84 during midday trading on Friday, hitting $61.48. The stock had a trading volume of 2,247,435 shares, compared to its average volume of 2,052,199. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The company's 50-day moving average price is $64.37 and its 200 day moving average price is $59.00. The firm has a market cap of $11.67 billion and a PE ratio of -4.46.

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 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. Rubrik's revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.59) earnings per share. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

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.