Fmr LLC Has $38.47 Million Holdings in Rubrik, Inc. (NYSE:RBRK)

FMR LLC trimmed its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,196,481 shares of the company's stock after selling 71,419 shares during the quarter. FMR LLC owned about 0.66% of Rubrik worth $38,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new stake in Rubrik in the 3rd quarter valued at approximately $25,000. KBC Group NV acquired a new position in shares of Rubrik during the 3rd quarter valued at $72,000. Quent Capital LLC acquired a new position in shares of Rubrik during the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Rubrik during the 3rd quarter valued at $208,000. Finally, Sei Investments Co. acquired a new position in shares of Rubrik during the 2nd quarter valued at $235,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Up 8.0 %

NYSE RBRK traded up $5.18 during trading on Monday, reaching $69.81. 5,861,822 shares of the company traded hands, compared to its average volume of 1,615,304. The stock's 50 day moving average price is $42.65 and its two-hundred day moving average price is $36.20. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $72.66.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. Equities analysts forecast that Rubrik, Inc. will post -8.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Rubrik from $48.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday. Truist Financial lifted their price target on Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Friday. Mizuho lifted their price target on Rubrik from $47.00 to $68.00 and gave the company an "outperform" rating in a research report on Monday. FBN Securities began coverage on Rubrik in a research report on Monday, September 30th. They set an "outperform" rating and a $40.00 price target on the stock. Finally, KeyCorp raised their price objective on Rubrik from $57.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $61.88.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 30,000 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $65.78, for a total transaction of $1,973,400.00. Following the transaction, the chief financial officer now owns 342,960 shares of the company's stock, valued at approximately $22,559,908.80. This represents a 8.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ravi Mhatre sold 15,933 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here. Insiders have sold a total of 574,912 shares of company stock worth $22,673,114 in the last three months.

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.