Natixis Advisors LLC Acquires 10,091 Shares of Rubrik, Inc. (NYSE:RBRK)

Natixis Advisors LLC boosted its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,362 shares of the company's stock after buying an additional 10,091 shares during the period. Natixis Advisors LLC's holdings in Rubrik were worth $4,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RBRK. Champlain Investment Partners LLC bought a new stake in shares of Rubrik during the third quarter worth about $44,418,000. Point72 Asset Management L.P. bought a new stake in Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP purchased a new stake in shares of Rubrik in the third quarter worth approximately $40,466,000. Institutional Venture Management XV LLC lifted its holdings in shares of Rubrik by 3,620.4% in the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock valued at $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Rubrik during the third quarter valued at approximately $35,359,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Ratings Changes

RBRK has been the topic of several recent analyst reports. Robert W. Baird dropped their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Piper Sandler raised their price target on shares of Rubrik from $83.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. BMO Capital Markets upped their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Mizuho lifted their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Two 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 company. According to MarketBeat, Rubrik has an average rating of "Buy" and an average target price of $70.00.

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Insiders Place Their Bets

In other Rubrik news, CFO Kiran Kumar Choudary sold 87,971 shares of Rubrik stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the completion of the sale, the chief financial officer now directly owns 413,458 shares in the company, valued at $28,958,598.32. The trade was a 17.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $67.06, for a total transaction of $1,676,500.00. Following the sale, the executive now owns 321,560 shares in the company, valued at approximately $21,563,813.60. This trade represents a 7.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 794,226 shares of company stock worth $53,310,348 in the last three months.

Rubrik Stock Down 7.8 %

RBRK traded down $5.82 during trading on Wednesday, reaching $68.46. 4,740,973 shares of the company were exchanged, compared to its average volume of 2,283,909. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The company's 50-day moving average is $69.18 and its two-hundred day moving average is $55.65. The company has a market cap of $12.68 billion and a price-to-earnings ratio of -4.97.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly 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 analysts' expectations of $233.13 million. During the same quarter 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. Equities analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Rubrik Company 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.