Vanguard Group Inc. Grows Stake in Rubrik, Inc. (NYSE:RBRK)

Vanguard Group Inc. lifted its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 114.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,328,184 shares of the company's stock after acquiring an additional 3,372,323 shares during the quarter. Vanguard Group Inc. owned approximately 3.42% of Rubrik worth $413,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBRK. Global Retirement Partners LLC raised its stake in shares of Rubrik by 8,333.3% during 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 during the last quarter. Rhumbline Advisers bought a new position in Rubrik during the 4th quarter worth $64,000. Geneos Wealth Management Inc. acquired a new position in Rubrik during the 4th quarter worth about $70,000. KBC Group NV grew its position 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 buying an additional 430 shares during the last quarter. Finally, Shikiar Asset Management Inc. bought a new stake in shares of Rubrik in the 4th quarter valued at about $203,000. Institutional investors own 49.54% of the company's stock.

Rubrik Stock Down 9.9 %

RBRK stock traded down $5.68 during midday trading on Friday, reaching $51.77. 2,628,555 shares of the company's stock traded hands, 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 company has a market cap of $9.82 billion and a price-to-earnings ratio of -3.76. The firm's fifty day moving average price is $67.92 and its 200-day moving average price is $57.32.

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Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results 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 the consensus estimate of $233.13 million. During the same quarter in the previous year, the company earned ($1.59) EPS. Rubrik's revenue was up 47.5% compared to the same quarter last year. Analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 65,517 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $66.06, for a total value of $4,328,053.02. Following the completion of the sale, the executive now owns 406,043 shares in the company, valued at approximately $26,823,200.58. This trade represents a 13.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $62.60, for a total value of $112,680.00. Following the completion of the transaction, the chief financial officer now owns 342,174 shares in the company, valued at $21,420,092.40. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 799,635 shares of company stock valued at $53,440,849 over the last ninety days.

Analysts Set New Price Targets

A number of equities analysts recently commented on RBRK shares. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a research note on Wednesday, March 12th. Piper Sandler upped their price objective on shares of Rubrik from $83.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. KeyCorp lowered their target price on shares of Rubrik from $87.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Robert W. Baird cut their price target on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Finally, William Blair assumed coverage on Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $70.00.

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.