JPMorgan Chase & Co. Has $129.36 Million Stake in Rubrik, Inc. (NYSE:RBRK)

JPMorgan Chase & Co. increased its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,979,184 shares of the company's stock after purchasing an additional 427,149 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.07% of Rubrik worth $129,359,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RBRK. Vanguard Group Inc. increased its position in Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock worth $413,610,000 after buying an additional 3,372,323 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP bought a new stake in Rubrik in the 3rd quarter valued at $40,466,000. Institutional Venture Management XV LLC lifted its holdings in Rubrik by 3,620.4% during the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock valued at $37,378,000 after purchasing an additional 1,131,360 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Rubrik by 133.3% during the third quarter. Geode Capital Management LLC now owns 568,646 shares of the company's stock worth $18,290,000 after purchasing an additional 324,951 shares during the period. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Performance

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

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Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. During the same quarter in the previous year, the company posted ($1.59) earnings per share. The business's quarterly revenue was up 47.5% on a year-over-year basis. On average, equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $60.22, for a total value of $1,505,500.00. Following the sale, the executive now owns 579,217 shares in the company, valued at $34,880,447.74. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the sale, the director now directly owns 153 shares in the company, valued at approximately $11,828.43. The trade was a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 799,635 shares of company stock worth $53,440,849 over the last 90 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RBRK shares. Piper Sandler increased their price objective on shares of Rubrik from $83.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Guggenheim raised their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. William Blair assumed coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating for the company. Wells Fargo & Company increased their target price on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Finally, Mizuho boosted their price target on Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Rubrik has an average rating of "Buy" and a consensus target price of $70.00.

Rubrik 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.