EFG Asset Management North America Corp. Has $4.29 Million Position in Rubrik, Inc. (NYSE:RBRK)

EFG Asset Management North America Corp. raised its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 101.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,617 shares of the company's stock after purchasing an additional 33,047 shares during the period. EFG Asset Management North America Corp.'s holdings in Rubrik were worth $4,293,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Rubrik by 114.1% in the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock worth $413,610,000 after purchasing an additional 3,372,323 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Rubrik during the third quarter worth approximately $42,247,000. PointState Capital LP bought a new stake in shares of Rubrik in the third quarter valued at approximately $40,466,000. Institutional Venture Management XV LLC increased its position in Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock worth $37,378,000 after acquiring an additional 1,131,360 shares during the period. Finally, Summit Partners Public Asset Management LLC acquired a new position in Rubrik during the 3rd quarter valued at $33,148,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. 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 report on Wednesday, March 12th. Wells Fargo & Company raised their target price on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Barclays increased their price objective on Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Mizuho upped their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Finally, William Blair started coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating on the stock. 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $70.00.

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Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 87,971 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the transaction, the chief financial officer now owns 413,458 shares of the company's stock, valued at $28,958,598.32. This represents a 17.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the transaction, the director now owns 153 shares of the company's stock, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 792,426 shares of company stock valued at $53,187,894.

Rubrik Price Performance

RBRK stock traded down $2.35 during midday trading on Friday, reaching $63.65. 3,232,248 shares of the company were exchanged, compared to its average volume of 1,996,434. The business has a 50-day moving average price of $69.09 and a two-hundred day moving average price of $56.20. The firm has a market capitalization of $11.79 billion and a price-to-earnings ratio of -4.62. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. The business's revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.59) earnings per share. As a group, analysts anticipate 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.