EAM Investors LLC Purchases Shares of 69,875 Rubrik, Inc. (NYSE:RBRK)

EAM Investors LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,875 shares of the company's stock, valued at approximately $4,567,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after buying an additional 3,372,323 shares during the period. Norges Bank bought a new position in Rubrik in the 4th quarter worth $277,395,000. FMR LLC boosted its stake in shares of Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Rubrik by 27.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company's stock valued at $129,359,000 after buying an additional 427,149 shares during the period. Finally, Federated Hermes Inc. raised its stake in Rubrik by 32.0% in the fourth quarter. Federated Hermes Inc. now owns 1,516,991 shares of the company's stock worth $99,151,000 after buying an additional 367,491 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

Rubrik Price Performance

Shares of Rubrik stock traded down $0.84 during trading hours on Friday, reaching $61.48. The company's stock had a trading volume of 2,247,435 shares, compared to its average volume of 2,052,199. The stock has a market cap of $11.67 billion and a P/E ratio of -4.46. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The firm has a 50 day moving average price of $64.37 and a 200-day moving average price of $59.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. The business's revenue for the quarter was up 47.5% on a year-over-year basis. During the same period last year, the business posted ($1.59) EPS. As a group, sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on RBRK. Cantor Fitzgerald reiterated an "overweight" rating and set a $85.00 target price on shares of Rubrik in a report on Friday, March 14th. Piper Sandler dropped their target price on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets lifted their price target on shares of Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Finally, KeyCorp cut their price target on Rubrik from $82.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday. Two equities 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 company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $68.83.

Insider Buying and Selling

In other news, CFO Kiran Kumar Choudary sold 2,000 shares of the company's stock in a transaction dated 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 directly owns 614,798 shares in the company, valued at approximately $38,135,919.94. This represents a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total transaction of $832,154.74. Following the completion of the sale, the insider now directly owns 21,221 shares of the company's stock, valued at approximately $1,336,498.58. This trade represents a 38.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 515,619 shares of company stock valued at $34,167,897.

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.