Charles Schwab Investment Management Inc. Purchases 81,161 Shares of Rubrik, Inc. (NYSE:RBRK)

Charles Schwab Investment Management Inc. lifted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 406,581 shares of the company's stock after acquiring an additional 81,161 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Rubrik worth $26,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in Rubrik in the third quarter valued at $25,000. Global Retirement Partners LLC boosted its stake in Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares during the period. Rhumbline Advisers acquired a new stake in shares of Rubrik during the fourth quarter valued at about $64,000. Geneos Wealth Management Inc. purchased a new stake in shares of Rubrik in the 4th quarter valued at approximately $70,000. Finally, KBC Group NV acquired a new position in shares of Rubrik in the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Price Performance

NYSE RBRK traded down $2.04 during trading hours on Friday, hitting $68.15. The company had a trading volume of 1,900,323 shares, compared to its average volume of 1,932,234. The firm's 50 day moving average is $68.73 and its 200 day moving average is $54.51. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The company has a market capitalization of $12.62 billion and a price-to-earnings ratio of -4.95.

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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 the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same period in the previous year, the business earned ($1.59) EPS. The company's revenue for the quarter was up 47.5% on a year-over-year basis. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RBRK. Wells Fargo & Company lifted their target price on shares of Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Robert W. Baird dropped their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company 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 note on Friday, March 14th. Guggenheim lifted their target price on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Mizuho increased their price target on shares of Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $70.00.

Insider Buying and Selling

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the sale, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This trade represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 621,254 shares of company stock worth $41,195,389.

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.