Wells Fargo & Company MN Acquires 15,106 Shares of Rubrik, Inc. (NYSE:RBRK)

Wells Fargo & Company MN increased its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,829 shares of the company's stock after purchasing an additional 15,106 shares during the quarter. Wells Fargo & Company MN's holdings in Rubrik were worth $5,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RBRK. Global Retirement Partners LLC lifted its position in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares during the period. Nemes Rush Group LLC acquired a new position in Rubrik during the fourth quarter worth $39,000. Rhumbline Advisers bought a new position in shares of Rubrik during the fourth quarter valued at $64,000. Geneos Wealth Management Inc. acquired a new stake in shares of Rubrik in the 4th quarter valued at $70,000. Finally, KBC Group NV boosted 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 in the last quarter. 49.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total value of $542,251.71. Following the sale, the director now owns 998 shares of the company's stock, valued at $60,069.62. This trade represents a 90.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $70.85, for a total value of $2,301,562.25. Following the transaction, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at $15,535,917.15. This represents a 12.90 % 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 worth $34,167,897.

Rubrik Price Performance

Shares of NYSE RBRK traded up $6.05 during midday trading on Wednesday, reaching $67.94. 836,237 shares of the stock were exchanged, compared to its average volume of 2,411,653. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The company has a market capitalization of $12.89 billion and a price-to-earnings ratio of -4.93. The business has a 50-day simple moving average of $63.67 and a two-hundred day simple moving average of $59.58.

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 analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. During the same period last year, the firm posted ($1.59) earnings per share. The company's revenue for the quarter was up 47.5% on a year-over-year basis. Equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RBRK shares. Guggenheim lifted their price target on shares of Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Robert W. Baird cut their target price on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald restated an "overweight" rating and set a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a report on Wednesday, March 12th. Finally, Wells Fargo & Company boosted their price objective on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $68.83.

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.