Commonwealth Equity Services LLC Sells 6,167 Shares of Rubrik, Inc. (NYSE:RBRK)

Commonwealth Equity Services LLC trimmed its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,844 shares of the company's stock after selling 6,167 shares during the quarter. Commonwealth Equity Services LLC's holdings in Rubrik were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of RBRK. Wealthcare Advisory Partners LLC lifted its position in shares of Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after buying an additional 300 shares during the last quarter. KBC Group NV boosted its stake in Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after purchasing an additional 430 shares in the last quarter. Global Retirement Partners LLC grew its position in Rubrik by 8,333.3% during the 4th 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 last quarter. Hamilton Lane Advisors LLC increased its stake in Rubrik by 3.0% during the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company's stock valued at $2,224,000 after purchasing an additional 980 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Rubrik in the fourth quarter worth $64,000. Institutional investors own 49.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Robert W. Baird dropped their target price on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a research note on Wednesday, March 12th. Piper Sandler upped their price target on shares of Rubrik from $83.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, March 14th. BMO Capital Markets boosted their price objective on Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Finally, Wells Fargo & Company raised their target price on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $70.00.

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Insider Transactions at Rubrik

In related news, Director John Wendell Thompson sold 9,009 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total value of $542,251.71. Following the completion of the transaction, the director now directly owns 998 shares in the company, valued at approximately $60,069.62. The trade was a 90.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,499 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The disclosure for this sale can be found here. Insiders have sold 799,635 shares of company stock worth $53,440,849 in the last three months.

Rubrik Price Performance

Shares of RBRK traded down $5.68 on Friday, reaching $51.77. 2,628,555 shares of the stock traded hands, compared to its average volume of 2,015,263. The stock's 50-day moving average price is $67.92 and its 200-day moving average price is $57.32. The firm has a market cap of $9.82 billion and a price-to-earnings ratio of -3.76. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted 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 quarter last year, the firm posted ($1.59) earnings per share. The business's revenue was up 47.5% compared to the same quarter last year. As a group, equities research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal 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.