Balyasny Asset Management L.P. Has $25.53 Million Position in Rubrik, Inc. (NYSE:RBRK)

Balyasny Asset Management L.P. increased its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 273.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 390,548 shares of the company's stock after acquiring an additional 285,837 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.21% of Rubrik worth $25,526,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its stake in shares of Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Rubrik in the 4th quarter valued at approximately $28,000. KBC Group NV lifted its stake in Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after purchasing an additional 430 shares during the last quarter. Global Retirement Partners LLC lifted its stake in 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 during the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in shares of Rubrik during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RBRK shares. BMO Capital Markets lifted their target price on Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $85.00 price target on shares of Rubrik in a report on Friday, March 14th. UBS Group reiterated a "buy" rating on shares of Rubrik in a research report on Tuesday, April 29th. Guggenheim raised their target price on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Finally, Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, eighteen have issued 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 price target of $68.83.

Rubrik Stock Performance

Shares of NYSE:RBRK traded up $0.30 during mid-day trading on Friday, hitting $76.87. The stock had a trading volume of 3,232,707 shares, compared to its average volume of 2,006,270. The company's 50 day moving average is $64.44 and its 200-day moving average is $62.67. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The company has a market cap of $14.59 billion and a PE ratio of -5.58.

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 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. The firm's quarterly revenue was up 47.5% on a year-over-year basis. During the same period last year, the firm posted ($1.59) EPS. On average, equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the firm'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 directly owns 153 shares of the company's stock, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 87,971 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the sale, the chief financial officer now owns 413,458 shares of the company's stock, valued at approximately $28,958,598.32. This trade represents a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 546,117 shares of company stock valued at $36,491,888 in the last three months.

About Rubrik

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.