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

Geode Capital Management LLC increased its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 719,456 shares of the company's stock after acquiring an additional 150,810 shares during the period. Geode Capital Management LLC owned about 0.39% of Rubrik worth $47,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBRK. Wealthcare Advisory Partners LLC raised its stake in shares of Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after acquiring an additional 300 shares in the last quarter. KBC Group NV increased its stake in shares of Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after buying an additional 430 shares during the period. Global Retirement Partners LLC raised its holdings 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 acquiring an additional 500 shares in the last quarter. Nemes Rush Group LLC purchased a new position in Rubrik in the fourth quarter worth approximately $39,000. Finally, Hamilton Lane Advisors LLC increased its position in shares of Rubrik by 3.0% in the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company's stock valued at $2,224,000 after purchasing an additional 980 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,484 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $56.61, for a total transaction of $1,838,919.24. Following the sale, the chief technology officer now owns 121,827 shares of the company's stock, valued at approximately $6,896,626.47. The trade was a 21.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.94, for a total transaction of $1,773,500.00. Following the sale, the executive now owns 381,043 shares in the company, valued at approximately $27,031,190.42. This represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 504,706 shares of company stock valued at $33,500,418.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Guggenheim upped 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. William Blair assumed coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $85.00 price objective on shares of Rubrik in a research note on Friday, March 14th. KeyCorp cut their target price on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. Finally, Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $69.17.

Rubrik Stock Performance

NYSE RBRK traded up $3.21 during trading on Tuesday, reaching $63.26. 2,751,635 shares of the company traded hands, compared to its average volume of 2,050,193. The stock's 50 day moving average price is $65.15 and its two-hundred day moving average price is $58.57. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The company has a market cap of $12.01 billion and a price-to-earnings ratio of -4.59.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. The business's quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter last year, the company posted ($1.59) earnings per share. Equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Rubrik 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.