Rubrik, Inc. (NYSE:RBRK) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,400 shares of the company's stock after buying an additional 25,300 shares during the period. Swiss National Bank owned about 0.07% of Rubrik worth $8,392,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC acquired a new position in Rubrik during the third quarter worth $44,418,000. Point72 Asset Management L.P. bought a new stake in shares of Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP acquired a new stake in Rubrik in the third quarter valued at about $40,466,000. Institutional Venture Management XV LLC increased its holdings in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock worth $37,378,000 after buying an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in Rubrik in the 3rd quarter valued at approximately $35,359,000. Institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

RBRK has been the subject of a number of research analyst reports. Robert W. Baird lowered their target price on Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Piper Sandler increased their target price 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. Mizuho increased their target price on Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. BMO Capital Markets upped their target price on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Finally, Barclays boosted their price objective on Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Two equities research 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 stock. According to MarketBeat.com, Rubrik presently has an average rating of "Buy" and a consensus target price of $70.00.

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Insider Buying and Selling

In other news, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the sale, the director now owns 153 shares of the company's stock, valued at $10,342.80. The trade was a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Brian K. Mccarthy sold 85,001 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $5,953,470.04. Following the sale, the executive now owns 433,909 shares of the company's stock, valued at approximately $30,390,986.36. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 794,226 shares of company stock valued at $53,310,348 over the last quarter.

Rubrik Stock Down 7.8 %

Shares of RBRK traded down $5.82 during trading on Wednesday, reaching $68.46. 4,740,973 shares of the company traded hands, compared to its average volume of 2,283,909. The stock has a market cap of $12.68 billion and a PE ratio of -4.97. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The stock 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 posted 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 business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same quarter in the prior year, the company earned ($1.59) earnings per share. Rubrik's quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

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.