XTX Topco Ltd Has $1.63 Million Stake in Rubrik, Inc. (NYSE:RBRK)

XTX Topco Ltd raised its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,007 shares of the company's stock after acquiring an additional 7,253 shares during the period. XTX Topco Ltd's holdings in Rubrik were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of RBRK. Norges Bank acquired a new position in Rubrik in the 4th quarter worth $277,395,000. Vanguard Group Inc. boosted its position in shares of Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock worth $413,610,000 after buying an additional 3,372,323 shares during the period. FMR LLC grew its holdings in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after buying an additional 2,065,444 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Rubrik in the 4th quarter valued at approximately $64,530,000. Finally, JPMorgan Chase & Co. lifted its stake in Rubrik by 27.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company's stock valued at $129,359,000 after acquiring an additional 427,149 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. 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. Piper Sandler lowered their price target on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. William Blair assumed coverage on Rubrik in a report on Friday, February 7th. They issued a "market perform" rating for the company. Finally, Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Rubrik has a consensus rating of "Buy" and a consensus target price of $69.17.

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Rubrik Stock Up 5.3 %

Shares of RBRK traded up $3.21 during midday trading on Tuesday, reaching $63.26. 2,751,635 shares of the stock were exchanged, compared to its average volume of 2,050,193. The stock's 50 day simple moving average is $65.15 and its 200 day simple moving average is $58.57. The company has a market cap of $12.01 billion and a P/E ratio of -4.59. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $233.13 million. During the same period last year, the business earned ($1.59) EPS. The firm's quarterly revenue was up 47.5% on a year-over-year basis. As a group, analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling at Rubrik

In other news, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the transaction, the director now owns 153 shares of the company's stock, valued at approximately $11,828.43. The trade was a 94.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $52.04, for a total transaction of $1,690,467.36. Following the completion of the transaction, the chief technology officer now directly owns 186,795 shares of the company's stock, valued at approximately $9,720,811.80. The trade was a 14.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 504,706 shares of company stock valued at $33,500,418 in the last ninety days.

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.