LMR Partners LLP Sells 290,344 Shares of Rubrik, Inc. (NYSE:RBRK)

LMR Partners LLP decreased its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 90.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,656 shares of the company's stock after selling 290,344 shares during the quarter. LMR Partners LLP's holdings in Rubrik were worth $953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new stake in shares of Rubrik during the second quarter valued at $227,000. Zweig DiMenna Associates LLC bought a new stake in shares of Rubrik in the 2nd quarter worth approximately $6,730,000. EFG Asset Management North America Corp. bought a new position in shares of Rubrik during the 2nd quarter worth approximately $925,000. ARK Investment Management LLC bought a new position in shares of Rubrik during the 2nd quarter worth approximately $6,043,000. Finally, Cisco Systems Inc. acquired a new stake in Rubrik during the 2nd quarter valued at $5,613,000.

Insider Activity at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 2,670 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $45.07, for a total value of $120,336.90. Following the sale, the chief financial officer now owns 396,160 shares in the company, valued at approximately $17,854,931.20. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 454,512 shares of company stock worth $15,813,462 over the last quarter.

Rubrik Price Performance

Shares of Rubrik stock traded up $0.95 during trading on Wednesday, reaching $45.16. The company's stock had a trading volume of 923,881 shares, compared to its average volume of 1,475,837. The firm's 50-day moving average is $37.66 and its two-hundred day moving average is $34.65. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $45.90.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. Equities research analysts expect that Rubrik, Inc. will post -8.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBRK. CIBC upped their target price on Rubrik from $50.00 to $52.00 and gave the stock an "outperformer" rating in a report on Tuesday, September 10th. Oppenheimer started coverage on Rubrik in a report on Wednesday, November 13th. They issued a "market perform" rating for the company. Guggenheim raised their price target on shares of Rubrik from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday. Wedbush raised their price objective on shares of Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, Piper Sandler started coverage on shares of Rubrik in a research note on Monday, August 19th. They set an "overweight" rating and a $42.00 price target on the stock. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Rubrik has a consensus rating of "Buy" and a consensus price target of $46.18.

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.