Rubrik, Inc. (NYSE:RBRK) Stock Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 82.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,359 shares of the company's stock after purchasing an additional 8,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Rubrik were worth $1,200,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in shares of Rubrik during the third quarter worth $25,000. Global Retirement Partners LLC lifted its position in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Rubrik during the fourth quarter worth $64,000. Geneos Wealth Management Inc. acquired a new stake in Rubrik in the fourth quarter valued at $70,000. Finally, KBC Group NV acquired a new stake in Rubrik in the third quarter valued at $72,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Performance

NYSE RBRK traded down $2.04 on Friday, reaching $68.15. The company's stock had a trading volume of 3,934,511 shares, compared to its average volume of 1,931,981. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The stock has a market cap of $12.62 billion and a PE ratio of -4.95. The firm's 50 day moving average is $68.82 and its two-hundred day moving average is $54.90.

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Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share 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 the consensus estimate of $233.13 million. During the same period last year, the firm earned ($1.59) earnings per share. The company's revenue was up 47.5% compared to the same quarter last year. Equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,499 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the sale, the director now directly owns 153 shares of the company's stock, valued at $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 621,254 shares of company stock valued at $41,195,389.

Analyst Ratings Changes

Several research firms recently issued reports on RBRK. 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 report on Wednesday, March 12th. Mizuho upped their price target on shares of Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Tuesday, December 17th. KeyCorp cut their price target on shares of Rubrik from $87.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Truist Financial upped their price target on shares of Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, William Blair began coverage on shares of Rubrik in a report on Friday, February 7th. They issued a "market perform" rating on the stock. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $70.00.

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.