Sei Investments Co. Grows Stake in Rubrik, Inc. (NYSE:RBRK)

Sei Investments Co. grew its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 98.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,511 shares of the company's stock after buying an additional 9,187 shares during the quarter. Sei Investments Co.'s holdings in Rubrik were worth $1,210,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in shares of 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 buying an additional 500 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Rubrik during the 4th quarter worth $64,000. Geneos Wealth Management Inc. purchased a new stake in shares of Rubrik during the 4th quarter worth $70,000. KBC Group NV grew its stake in shares of Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after purchasing an additional 430 shares during the period. Finally, Shikiar Asset Management Inc. purchased a new position in shares of Rubrik in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Insider Buying and Selling

In other news, Director John Wendell Thompson sold 9,009 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total transaction of $542,251.71. Following the completion of the sale, the director now owns 998 shares in the company, valued at approximately $60,069.62. The trade was a 90.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $64.89, for a total transaction of $14,768,704.44. Following the completion of the transaction, the chief technology officer now owns 219,279 shares in the company, valued at $14,229,014.31. The trade was a 50.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 732,302 shares of company stock valued at $48,269,123.

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Analyst Ratings Changes

RBRK has been the topic of several recent analyst reports. Citigroup upped their target price on shares of Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Robert W. Baird lowered their price target on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating for the company. Wedbush upped their target price on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Finally, Guggenheim raised their price target on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $69.17.

Rubrik Stock Up 1.0 %

Shares of NYSE:RBRK traded up $0.60 during midday trading on Friday, reaching $58.95. The company's stock had a trading volume of 2,989,381 shares, compared to its average volume of 2,045,456. The firm has a market cap of $11.19 billion and a price-to-earnings ratio of -4.28. The business has a 50 day moving average price of $65.71 and a 200 day moving average price of $58.15. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00.

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