Capital Fund Management S.A. Acquires Shares of 37,551 Rubrik, Inc. (NYSE:RBRK)

Capital Fund Management S.A. purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,551 shares of the company's stock, valued at approximately $2,454,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RBRK. Russell Investments Group Ltd. bought a new stake in Rubrik in the fourth quarter valued at 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 valued at $33,000 after purchasing an additional 500 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Rubrik during the fourth quarter worth $39,000. Rhumbline Advisers acquired a new stake in shares of Rubrik during the fourth quarter worth $64,000. Finally, Geneos Wealth Management Inc. bought a new position in Rubrik during the fourth quarter worth $70,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Buying and Selling

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $66.52, for a total transaction of $119,736.00. Following the completion of the sale, the chief financial officer now directly owns 341,374 shares of the company's stock, valued at $22,708,198.48. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $56.61, for a total transaction of $1,838,919.24. Following the completion of the transaction, the chief technology officer now directly owns 121,827 shares in the company, valued at $6,896,626.47. This trade represents a 21.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 504,706 shares of company stock worth $33,500,418.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on RBRK shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $85.00 price target on shares of Rubrik in a report on Friday, March 14th. BMO Capital Markets raised their target price on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, March 14th. 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. Robert W. Baird cut their price target on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Finally, Citigroup boosted their target price on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Rubrik currently has an average rating of "Buy" and a consensus target price of $69.17.

Rubrik Stock Performance

Shares of Rubrik stock traded up $3.21 on Tuesday, hitting $63.26. The company had a trading volume of 2,751,635 shares, compared to its average volume of 2,050,193. The stock has a market capitalization of $12.01 billion and a price-to-earnings ratio of -4.59. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The stock has a 50 day moving average of $65.15 and a 200-day moving average of $58.57.

Rubrik (NYSE:RBRK - Get Free Report) last issued 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 business had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same quarter in the previous year, the business posted ($1.59) EPS. The company's quarterly revenue was up 47.5% on a year-over-year basis. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current 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.