Lexington Partners L.P. Takes Position in Rubrik, Inc. (NYSE:RBRK)

Lexington Partners L.P. purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,084 shares of the company's stock, valued at approximately $398,000. Rubrik makes up about 0.5% of Lexington Partners L.P.'s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in RBRK. EFG Asset Management North America Corp. lifted its holdings in shares of Rubrik by 101.5% during the 4th quarter. EFG Asset Management North America Corp. now owns 65,617 shares of the company's stock valued at $4,293,000 after purchasing an additional 33,047 shares in the last quarter. Vanguard Group Inc. raised its holdings in Rubrik by 114.1% during the 4th 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 period. LPL Financial LLC lifted its stake in Rubrik by 32.9% in the fourth quarter. LPL Financial LLC now owns 95,271 shares of the company's stock valued at $6,227,000 after buying an additional 23,587 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $863,000. Finally, Sei Investments Co. increased its position in shares of Rubrik by 98.5% during the fourth quarter. Sei Investments Co. now owns 18,511 shares of the company's stock worth $1,210,000 after acquiring an additional 9,187 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

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Rubrik Stock Performance

RBRK traded down $2.35 during trading hours on Friday, reaching $63.65. The company's stock had a trading volume of 3,232,248 shares, compared to its average volume of 1,996,434. The company's 50-day moving average is $69.09 and its 200-day moving average is $56.20. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The firm has a market cap of $11.79 billion and a PE ratio of -4.62.

Rubrik (NYSE:RBRK - Get Free Report) last posted 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 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. Equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $65.72, for a total transaction of $118,296.00. Following the transaction, the chief financial officer now owns 342,974 shares in the company, valued at approximately $22,540,251.28. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $67.06, for a total value of $1,676,500.00. Following the sale, the executive now directly owns 321,560 shares of the company's stock, valued at approximately $21,563,813.60. The trade was a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 792,426 shares of company stock worth $53,187,894 over the last three months.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RBRK shares. BMO Capital Markets boosted their price objective on shares of Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Wells Fargo & Company boosted their price target on Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Citigroup increased their price objective on Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Guggenheim lifted their target price on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Finally, Mizuho upped their price target on Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.