Legal & General Group Plc Has $3.69 Million Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Legal & General Group Plc lowered its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,422 shares of the company's stock after selling 9,531 shares during the quarter. Legal & General Group Plc's holdings in Rubrik were worth $3,688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Rubrik by 368.9% during the third quarter. State Street Corp now owns 421,096 shares of the company's stock valued at $13,538,000 after acquiring an additional 331,296 shares during the period. Barclays PLC boosted its stake in Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company's stock valued at $386,000 after purchasing an additional 7,029 shares during the period. Geode Capital Management LLC grew its position in Rubrik by 133.3% in the 3rd 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 last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of Rubrik in the third quarter valued at approximately $394,000. Finally, Green Alpha Advisors LLC bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $346,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. William Blair began coverage on Rubrik in a research note on Friday, February 7th. They issued a "market perform" rating for the company. KeyCorp cut their price objective on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company lifted their target price on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Piper Sandler reduced their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a research report on Wednesday, March 12th. 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, the stock has an average rating of "Buy" and an average target price of $68.83.

Rubrik Price Performance

Rubrik stock traded up $2.56 during trading hours on Thursday, hitting $68.11. The company had a trading volume of 2,252,472 shares, compared to its average volume of 2,060,963. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The firm has a market cap of $12.93 billion and a PE ratio of -4.94. The firm has a 50-day moving average of $63.43 and a 200 day moving average of $59.62.

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

Insider Activity

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,485 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the sale, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at $15,535,917.15. The trade was a 12.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total transaction of $832,154.74. Following the transaction, the insider now directly owns 21,221 shares of the company's stock, valued at $1,336,498.58. The trade was a 38.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 515,619 shares of company stock worth $34,167,897.

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.