Virtu Financial LLC Takes $1.47 Million Position in Rubrik, Inc. (NYSE:RBRK)

Virtu Financial LLC acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,546 shares of the company's stock, valued at approximately $1,474,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Champlain Investment Partners LLC purchased a new position in Rubrik in the third quarter valued at about $44,418,000. Point72 Asset Management L.P. acquired a new stake in Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP purchased a new stake in shares of Rubrik during the third quarter valued at approximately $40,466,000. Institutional Venture Management XV LLC lifted its position in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock worth $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Rubrik in the third quarter valued at $35,359,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RBRK. Truist Financial lifted their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. KeyCorp cut their target price on shares of Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Rosenblatt Securities upgraded 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. Robert W. Baird dropped their price target on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Finally, Barclays lifted their price objective on shares of Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Two equities research 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 company's stock. According to data from MarketBeat.com, Rubrik currently has a consensus rating of "Buy" and an average target price of $70.00.

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Rubrik Stock Down 4.2 %

NYSE:RBRK traded down $2.87 during mid-day trading on Thursday, reaching $65.74. 2,531,243 shares of the company were exchanged, compared to its average volume of 1,953,688. The stock has a market cap of $12.18 billion and a PE ratio of -4.77. The company has a fifty day moving average of $69.21 and a 200 day moving average of $55.74. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.

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

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 32,499 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the business's 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 in the company, valued at approximately $23,386,945.22. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 794,226 shares of company stock valued at $53,310,348 in the last quarter.

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.