56,406 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Vestor Capital LLC

Vestor Capital LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 56,406 shares of the company's stock, valued at approximately $3,687,000.

A number of other hedge funds have also recently modified their holdings of RBRK. Champlain Investment Partners LLC purchased a new stake in shares of Rubrik in the 3rd quarter worth about $44,418,000. Point72 Asset Management L.P. purchased a new stake in Rubrik in the third quarter worth about $42,247,000. PointState Capital LP bought a new stake in Rubrik during the 3rd quarter valued at approximately $40,466,000. Institutional Venture Management XV LLC grew its holdings in shares of Rubrik by 3,620.4% during the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock worth $37,378,000 after acquiring an additional 1,131,360 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in shares of Rubrik during the 3rd quarter worth approximately $35,359,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several research reports. Cantor Fitzgerald restated an "overweight" rating and set a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Barclays boosted their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, December 6th. William Blair started coverage on shares of Rubrik in a research note on Friday, February 7th. They issued a "market perform" rating for the company. Wells Fargo & Company boosted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Finally, Wedbush raised their target price on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $70.00.

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Rubrik Stock Down 7.8 %

RBRK traded down $5.82 during mid-day trading on Wednesday, reaching $68.46. 4,743,106 shares of the company traded hands, compared to its average volume of 1,948,158. The stock has a market capitalization of $12.68 billion and a P/E ratio of -4.97. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The company's fifty day moving average price is $69.21 and its 200-day moving average price is $55.74.

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 company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same period in the previous year, the business posted ($1.59) EPS. The business's revenue was up 47.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $67.06, for a total transaction of $1,676,500.00. Following the transaction, the executive now owns 321,560 shares of the company's stock, valued at $21,563,813.60. The trade was a 7.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $68.03, for a total transaction of $122,454.00. Following the completion of the sale, the chief financial officer now directly owns 343,774 shares of the company's stock, valued at approximately $23,386,945.22. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 794,226 shares of company stock worth $53,310,348.

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.