Quantbot Technologies LP bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 234,975 shares of the company's stock, valued at approximately $15,358,000. Rubrik makes up 0.6% of Quantbot Technologies LP's portfolio, making the stock its 14th largest position. Quantbot Technologies LP owned 0.13% of Rubrik at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik during the third quarter worth $25,000. Global Retirement Partners LLC raised its position in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Rubrik in the fourth quarter worth $64,000. Geneos Wealth Management Inc. purchased a new stake in shares of Rubrik in the fourth quarter worth $70,000. Finally, KBC Group NV purchased a new stake in shares of Rubrik in the third quarter worth $72,000. Hedge funds and other institutional investors own 49.54% of the company's stock.
Rubrik Stock Performance
Shares of NYSE RBRK traded down $0.84 during trading hours on Tuesday, hitting $70.00. The company's stock had a trading volume of 2,174,711 shares, compared to its average volume of 1,918,287. The stock has a market cap of $12.97 billion and a price-to-earnings ratio of -5.08. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The business has a 50-day simple moving average of $68.32 and a 200-day simple moving average of $54.04.
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 the consensus estimate of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. Rubrik's revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.59) earnings per share. On average, equities research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.
Insider Buying and Selling
In related news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the sale, the executive now directly owns 331,043 shares of the company's stock, valued at $23,173,010. This trade represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Arvind Nithrakashyap sold 32,499 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $67.66, for a total transaction of $2,198,882.34. The disclosure for this sale can be found here. Insiders have sold 618,254 shares of company stock valued at $40,985,299 over the last ninety days.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on RBRK. KeyCorp lowered their price objective on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday. Wells Fargo & Company increased their price objective on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday. BMO Capital Markets increased their target price on Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a research note on Wednesday, March 12th. Two 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. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $70.00.
Read Our Latest Analysis on RBRK
Rubrik Company Profile
(
Free Report)
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.
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