Trexquant Investment LP Buys Shares of 397,209 Rubrik, Inc. (NYSE:RBRK)

Trexquant Investment LP acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 397,209 shares of the company's stock, valued at approximately $25,962,000. Trexquant Investment LP owned approximately 0.21% of Rubrik at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RBRK. Norges Bank purchased a new stake in shares of Rubrik in the 4th quarter valued at about $277,395,000. Vanguard Group Inc. increased its position in Rubrik by 114.1% in the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after acquiring an additional 3,372,323 shares during the period. Point72 Asset Management L.P. purchased a new stake in Rubrik during the 3rd quarter valued at approximately $42,247,000. PointState Capital LP acquired a new stake in Rubrik during the 3rd quarter worth approximately $40,466,000. Finally, Institutional Venture Management XV LLC grew its stake in shares of Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock valued at $37,378,000 after purchasing an additional 1,131,360 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insiders Place Their Bets

In related news, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the transaction, the director now directly owns 153 shares in the company, valued at $10,342.80. The trade was a 94.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $60.19, for a total value of $542,251.71. Following the sale, the director now directly owns 998 shares of the company's stock, valued at approximately $60,069.62. This represents a 90.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 799,635 shares of company stock worth $53,440,849 over the last ninety days.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on RBRK shares. Robert W. Baird cut their price objective on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday, March 12th. Citigroup increased their price objective on Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Truist Financial boosted their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. William Blair assumed coverage on shares of Rubrik in a report on Friday, February 7th. They issued a "market perform" rating for the company. Finally, Mizuho increased their target price on shares of Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $70.00.

Rubrik Trading Down 9.9 %

RBRK traded down $5.68 during trading on Friday, reaching $51.77. 2,628,555 shares of the company were exchanged, compared to its average volume of 2,015,263. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The firm has a 50 day moving average of $67.92 and a 200 day moving average of $57.14. The stock has a market cap of $9.82 billion and a P/E ratio of -3.76.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same quarter in the previous year, the business posted ($1.59) earnings per share. The firm's revenue for the quarter was up 47.5% on a year-over-year basis. As a group, analysts forecast 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.