Bank of Montreal Can Grows Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Bank of Montreal Can boosted its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 43.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,460 shares of the company's stock after buying an additional 7,378 shares during the quarter. Bank of Montreal Can's holdings in Rubrik were worth $1,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC grew 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 acquiring an additional 300 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Rubrik during the 4th quarter valued at $28,000. KBC Group NV lifted its stake in shares of Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after buying an additional 430 shares in the last quarter. Global Retirement Partners LLC increased its stake in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new stake in Rubrik during the fourth quarter valued at about $39,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on RBRK shares. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price for the company in a research report on Wednesday, March 12th. William Blair started coverage on shares of Rubrik in a report on Friday, February 7th. They issued a "market perform" rating on the stock. Piper Sandler cut their target price on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $85.00 price target on shares of Rubrik in a research note on Friday, March 14th. Finally, Citigroup raised their price objective on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $68.83.

Rubrik Trading Down 3.4 %

Shares of RBRK traded down $2.10 during trading hours on Monday, reaching $59.51. 2,495,308 shares of the company traded hands, compared to its average volume of 2,054,141. The stock's fifty day moving average price is $64.01 and its 200 day moving average price is $59.56. The firm has a market cap of $11.29 billion and a price-to-earnings ratio of -4.32. 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 released its quarterly earnings data 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 business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. Rubrik's revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period last year, the business posted ($1.59) earnings per share. On average, research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Arvind Nithrakashyap sold 32,484 shares of Rubrik 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 transaction, the chief technology officer now directly owns 186,795 shares of the company's stock, valued at $9,720,811.80. This trade represents a 14.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $62.98, for a total transaction of $832,154.74. Following the completion of the transaction, the insider now directly owns 21,221 shares of the company's stock, valued at $1,336,498.58. This trade represents a 38.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 515,619 shares of company stock worth $34,167,897 in the last ninety days.

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.