LPL Financial LLC Purchases 23,587 Shares of Rubrik, Inc. (NYSE:RBRK)

LPL Financial LLC increased its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 32.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,271 shares of the company's stock after purchasing an additional 23,587 shares during the quarter. LPL Financial LLC owned approximately 0.05% of Rubrik worth $6,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Rubrik in the fourth quarter worth $863,000. Sei Investments Co. grew its position in shares of Rubrik by 98.5% in the 4th quarter. Sei Investments Co. now owns 18,511 shares of the company's stock worth $1,210,000 after buying an additional 9,187 shares during the period. Vestor Capital LLC bought a new position in shares of Rubrik in the 4th quarter worth about $3,687,000. Virtu Financial LLC purchased a new position in Rubrik during the 4th quarter valued at about $1,474,000. Finally, Quantbot Technologies LP purchased a new position in Rubrik during the 4th quarter valued at about $15,358,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $66.52, for a total transaction of $119,736.00. Following the completion of the sale, the chief financial officer now owns 341,374 shares of the company's stock, valued at $22,708,198.48. The trade was a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm's 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 transaction, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 732,302 shares of company stock worth $48,269,123 in the last quarter.

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Rubrik Stock Performance

Shares of NYSE RBRK traded up $0.60 during midday trading on Friday, hitting $58.95. 2,989,381 shares of the stock traded hands, compared to its average volume of 2,045,456. The firm has a market capitalization of $11.19 billion and a P/E ratio of -4.28. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The firm has a 50-day moving average of $65.71 and a two-hundred day moving average of $58.15.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share 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. The business's revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter last year, the company posted ($1.59) earnings per share. Equities analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of analyst reports. William Blair initiated coverage on shares of Rubrik in a research note on Friday, February 7th. They set a "market perform" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $85.00 price objective on shares of Rubrik in a research note on Friday, March 14th. Citigroup boosted their target price on Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Guggenheim raised their price target on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Finally, Robert W. Baird dropped their price target on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. 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 currently has a consensus rating of "Buy" and an average price target of $69.17.

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.