Korea Investment CORP lessened its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 66.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,135 shares of the company's stock after selling 77,903 shares during the period. Korea Investment CORP's holdings in Rubrik were worth $2,623,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its position in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares during the period. Rhumbline Advisers acquired a new stake in shares of Rubrik in the 4th quarter valued at approximately $64,000. Geneos Wealth Management Inc. purchased a new stake in shares of Rubrik in the fourth quarter valued at approximately $70,000. KBC Group NV grew its holdings in Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after acquiring an additional 430 shares during the period. Finally, Shikiar Asset Management Inc. purchased a new position in Rubrik in the fourth quarter worth $203,000. 49.54% of the stock is owned by institutional investors and hedge funds.
Rubrik Price Performance
NYSE RBRK traded down $5.68 during trading hours on Friday, hitting $51.77. The company had a trading volume of 2,628,555 shares, compared to its average volume of 2,015,263. The firm's 50 day moving average is $67.92 and its 200 day moving average is $57.32. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The company has a market capitalization of $9.82 billion and a price-to-earnings ratio of -3.76.
Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly 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. The firm'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 company posted ($1.59) EPS. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on RBRK. Mizuho upped their price target on shares of Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. KeyCorp lowered their target price on shares of Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Wedbush lifted their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. William Blair assumed coverage on Rubrik in a report on Friday, February 7th. They issued a "market perform" rating on the stock. Finally, Piper Sandler lifted their price objective on Rubrik from $83.00 to $87.00 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 given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $70.00.
Read Our Latest Analysis on Rubrik
Insider Activity at Rubrik
In other news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,499 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 799,635 shares of company stock valued at $53,440,849.
About Rubrik
(
Free Report)
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.
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