Mitsubishi UFJ Asset Management Co. Ltd. Has $7.44 Million Position in Rubrik, Inc. (NYSE:RBRK)

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,200 shares of the company's stock after selling 39,300 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Rubrik worth $7,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RBRK. Global Retirement Partners LLC lifted its stake 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 acquiring an additional 500 shares during the last quarter. Rhumbline Advisers acquired a new stake in Rubrik in the 4th quarter valued at about $64,000. Geneos Wealth Management Inc. acquired a new stake in Rubrik in the 4th quarter valued at about $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 purchasing an additional 430 shares during the period. Finally, Shikiar Asset Management Inc. acquired a new position in Rubrik during the fourth quarter worth approximately $203,000. Institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on RBRK. Piper Sandler lifted their target price on Rubrik from $83.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Truist Financial upped their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a report on Friday, December 6th. KeyCorp cut their target price on shares of Rubrik from $87.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. William Blair initiated coverage on shares of Rubrik in a research note on Friday, February 7th. They issued a "market perform" rating on the stock. Finally, Citigroup increased their price target on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. Two investment 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 company's stock. According to MarketBeat, Rubrik presently has an average rating of "Buy" and an average target price of $70.00.

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Insider Activity at Rubrik

In other news, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total value of $542,251.71. Following the completion of the transaction, the director now owns 998 shares of the company's stock, valued at $60,069.62. This represents a 90.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $62.60, for a total transaction of $112,680.00. Following the sale, the chief financial officer now owns 342,174 shares in the company, valued at approximately $21,420,092.40. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 799,635 shares of company stock valued at $53,440,849 in the last quarter.

Rubrik Stock Performance

Shares of Rubrik stock traded down $5.68 during trading on Friday, reaching $51.77. 2,628,555 shares of the company's stock were exchanged, compared to its average volume of 2,015,263. The firm's 50-day moving average price is $67.92 and its 200 day moving average price is $57.14. The company has a market cap of $9.82 billion and a P/E ratio of -3.76. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate 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 period last year, the firm posted ($1.59) earnings per share. The company's quarterly revenue was up 47.5% on a year-over-year basis. As a group, equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

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.