Walleye Capital LLC Boosts Stake in Rubrik, Inc. (NYSE:RBRK)

Walleye Capital LLC lifted its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 185.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,515 shares of the company's stock after buying an additional 89,316 shares during the quarter. Walleye Capital LLC owned about 0.07% of Rubrik worth $8,988,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in Rubrik in the 4th quarter valued at $28,000. Global Retirement Partners LLC raised its stake in Rubrik by 8,333.3% in 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. Nemes Rush Group LLC bought a new stake in Rubrik during the fourth quarter worth about $39,000. Rhumbline Advisers bought a new stake in Rubrik during the fourth quarter worth about $64,000. Finally, Geneos Wealth Management Inc. bought a new position in Rubrik in the 4th quarter valued at about $70,000. Institutional investors own 49.54% of the company's stock.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 2,000 shares of the company's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total transaction of $124,060.00. Following the transaction, the chief financial officer now owns 614,798 shares in the company, valued at approximately $38,135,919.94. This represents a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of Rubrik stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total transaction of $832,154.74. Following the transaction, the insider now owns 21,221 shares of the company's stock, valued at $1,336,498.58. This represents a 38.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 515,619 shares of company stock valued at $34,167,897.

Analyst Upgrades and Downgrades

RBRK has been the topic of several analyst reports. Guggenheim increased their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective for the company in a research report on Wednesday, March 12th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $85.00 target price on shares of Rubrik in a research report on Friday, March 14th. Wedbush raised their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Finally, William Blair assumed coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $68.83.

Rubrik Stock Performance

Shares of RBRK stock traded down $0.84 during trading hours on Friday, hitting $61.48. 2,247,435 shares of the company were exchanged, compared to its average volume of 2,052,199. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The company has a 50 day simple moving average of $64.37 and a two-hundred day simple moving average of $59.00. The firm has a market cap of $11.67 billion and a P/E ratio of -4.46.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. The company's quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the business posted ($1.59) earnings per share. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal 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.