Victory Capital Management Inc. Purchases New Shares in Rubrik, Inc. (NYSE:RBRK)

Victory Capital Management Inc. acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,096 shares of the company's stock, valued at approximately $464,000.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in Rubrik during the 3rd quarter valued at $25,000. Global Retirement Partners LLC raised its holdings 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 acquiring an additional 500 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of Rubrik in the fourth quarter valued at about $64,000. Geneos Wealth Management Inc. purchased a new stake in Rubrik in the fourth quarter worth about $70,000. Finally, KBC Group NV bought a new position in Rubrik during the 3rd quarter worth about $72,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 343,774 shares of the company's stock, valued at approximately $23,386,945.22. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the firm's stock in a transaction 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 sale, 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 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 valued at $53,310,348.

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Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays upped their target price on Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. KeyCorp dropped their price objective on Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, March 14th. BMO Capital Markets increased their price target on shares of Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Cantor Fitzgerald restated an "overweight" rating and set a $85.00 price target on shares of Rubrik in a research note on Friday, March 14th. Finally, Mizuho lifted their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rubrik presently has an average rating of "Buy" and an average target price of $70.00.

Rubrik Stock Down 7.8 %

NYSE:RBRK traded down $5.82 on Wednesday, reaching $68.46. The company's stock had a trading volume of 4,729,909 shares, compared to its average volume of 1,948,107. The firm has a market cap of $12.68 billion and a price-to-earnings ratio of -4.97. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The stock has a 50 day moving average price of $69.18 and a 200 day moving average price of $55.65.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period in the previous year, the business posted ($1.59) earnings per share. Rubrik's revenue for the quarter was up 47.5% compared to the same quarter last year. Equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Rubrik 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.