Voya Investment Management LLC Has $127.71 Million Holdings in Rubrik, Inc. (NYSE:RBRK)

Voya Investment Management LLC decreased its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,953,935 shares of the company's stock after selling 82,480 shares during the period. Voya Investment Management LLC owned 1.05% of Rubrik worth $127,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Rubrik in the fourth quarter worth about $28,000. Global Retirement Partners LLC lifted its holdings in 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 buying an additional 500 shares during the period. Nemes Rush Group LLC bought a new position in Rubrik in the fourth quarter valued at approximately $39,000. NewEdge Advisors LLC acquired a new stake in Rubrik during the 4th quarter worth $62,000. Finally, Rhumbline Advisers bought a new stake in shares of Rubrik during the 4th quarter valued at $64,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

RBRK has been the topic of several recent research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Robert W. Baird reduced their target price on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Guggenheim upped their price target on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Rosenblatt Securities raised shares of 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. Finally, Wedbush boosted their price objective on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Two investment 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. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $68.83.

Insider Activity at Rubrik

In other news, Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the transaction, the director now owns 153 shares of the company's stock, valued at approximately $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 2,000 shares of Rubrik stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $62.03, for a total value of $124,060.00. Following the sale, the chief financial officer now directly owns 614,798 shares of the company's stock, valued at $38,135,919.94. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 515,619 shares of company stock valued at $34,167,897.

Rubrik Price Performance

NYSE:RBRK traded up $1.57 during trading hours on Friday, reaching $69.78. 1,544,993 shares of the stock were exchanged, compared to its average volume of 1,980,338. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The firm has a 50 day moving average of $63.07 and a 200 day moving average of $60.27. The stock has a market cap of $13.24 billion and a PE ratio of -5.06.

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