Janus Henderson Group PLC Grows Position in Rubrik, Inc. (NYSE:RBRK)

Janus Henderson Group PLC raised its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,653 shares of the company's stock after acquiring an additional 23,200 shares during the period. Janus Henderson Group PLC owned 0.20% of Rubrik worth $11,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Dragoneer Investment Group LLC purchased a new stake in shares of Rubrik in the second quarter valued at about $47,523,000. Champlain Investment Partners LLC acquired a new position in Rubrik in the 3rd quarter valued at about $44,418,000. Penserra Capital Management LLC purchased a new stake in Rubrik during the 3rd quarter valued at approximately $35,359,000. Clearbridge Investments LLC acquired a new stake in Rubrik during the 2nd quarter worth approximately $32,888,000. Finally, Summit Partners Public Asset Management LLC purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $33,148,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Transactions at Rubrik

In other Rubrik news, major shareholder Barry Eggers sold 100,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the transaction, the insider now owns 56,736 shares of the company's stock, valued at $1,857,536.64. This represents a 63.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Friday, December 6th. The shares were sold at an average price of $64.37, for a total value of $1,609,250.00. Following the completion of the sale, the executive now directly owns 312,545 shares of the company's stock, valued at approximately $20,118,521.65. This represents a 7.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 574,912 shares of company stock valued at $22,673,114 over the last three months.

Analysts Set New Price Targets

Several research firms have recently commented on RBRK. Piper Sandler restated an "overweight" rating and set a $72.00 price target (up previously from $42.00) on shares of Rubrik in a research note on Friday. CIBC boosted their price objective on shares of Rubrik from $50.00 to $52.00 and gave the company an "outperformer" rating in a research note on Tuesday, September 10th. Wedbush raised their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Guggenheim lifted their target price on shares of Rubrik from $52.00 to $72.00 and gave the company a "buy" rating in a report on Friday. Finally, Oppenheimer started coverage on shares of Rubrik in a report on Wednesday, November 13th. They set a "market perform" rating for the company. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Rubrik has an average rating of "Buy" and a consensus price target of $61.88.

Rubrik Stock Up 8.0 %

Shares of RBRK stock traded up $5.18 during trading hours on Monday, hitting $69.81. The company's stock had a trading volume of 5,861,822 shares, compared to its average volume of 1,615,304. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $72.66. The business has a fifty day moving average of $43.40 and a 200-day moving average of $36.46.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to analysts' expectations of $195.58 million. Equities analysts expect that Rubrik, Inc. will post -8.04 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.