Oxford Financial Group LTD. LLC Invests $1.06 Million in Rubrik, Inc. (NYSE:RBRK)

Oxford Financial Group LTD. LLC acquired a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,245 shares of the company's stock, valued at approximately $1,062,000.

Other large investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC boosted its position in Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after acquiring an additional 300 shares in the last quarter. KBC Group NV lifted its stake in shares of Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after purchasing an additional 430 shares during the period. Global Retirement Partners LLC boosted its position in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Rubrik in the third quarter worth $25,000. Finally, Hamilton Lane Advisors LLC raised its holdings in Rubrik by 3.0% in the fourth quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company's stock worth $2,224,000 after purchasing an additional 980 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now owns 153 shares of the company's stock, valued at approximately $10,342.80. This represents a 94.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $64.89, for a total value of $14,768,704.44. Following the completion of the sale, the chief technology officer now owns 219,279 shares of the company's stock, valued at $14,229,014.31. The trade was a 50.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 706,255 shares of company stock valued at $47,148,859 in the last ninety days.

Remove Ads

Rubrik Stock Performance

Shares of RBRK stock traded up $0.69 on Tuesday, reaching $74.15. The stock had a trading volume of 2,535,563 shares, compared to its average volume of 1,936,387. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The stock has a market cap of $13.74 billion and a P/E ratio of -5.38. The company has a 50 day simple moving average of $69.18 and a 200 day simple moving average of $55.65.

Rubrik (NYSE:RBRK - Get Free Report) last announced its 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 business had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same quarter last year, the firm earned ($1.59) earnings per share. The business's revenue was up 47.5% on a year-over-year basis. On average, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RBRK shares. Wedbush upped their target price on shares of Rubrik from $75.00 to $80.00 and gave the stock an "outperform" 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 report on Friday, March 14th. Piper Sandler upped their price target on Rubrik from $83.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Guggenheim lifted their price objective on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Finally, Truist Financial boosted their target price on Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Buy" and an average price target of $70.00.

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.