Capital Fund Management S.A. Makes New $2.45 Million Investment in Rubrik, Inc. (NYSE:RBRK)

Capital Fund Management S.A. purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,551 shares of the company's stock, valued at approximately $2,454,000.

Several other hedge funds have also made changes to their positions in RBRK. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik during the fourth quarter worth approximately $28,000. Global Retirement Partners LLC boosted its stake in shares of Rubrik by 8,333.3% during the 4th 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 purchased a new position in shares of Rubrik during the 4th quarter valued at $39,000. Rhumbline Advisers acquired a new position in shares of Rubrik in the fourth quarter worth $64,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Rubrik during the fourth quarter worth $70,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 32,485 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at $15,535,917.15. This trade represents a 12.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $193,275.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at approximately $11,828.43. This represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 515,619 shares of company stock worth $34,167,897 in the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on RBRK shares. Citigroup boosted their target price on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a report on Wednesday, March 12th. Guggenheim lifted their target price on shares of Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Cantor Fitzgerald reissued an "overweight" rating and issued a $85.00 target price on shares of Rubrik in a research report on Friday, March 14th. Finally, Piper Sandler cut their target price on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik has a consensus rating of "Buy" and an average target price of $68.83.

Rubrik Trading Down 1.3 %

NYSE:RBRK traded down $0.84 during mid-day trading on Friday, hitting $61.48. The company's stock had a trading volume of 2,247,435 shares, compared to its average volume of 2,052,199. The stock has a fifty day moving average of $64.60 and a 200-day moving average of $58.79. The company has a market capitalization of $11.67 billion and a price-to-earnings ratio of -4.46. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) 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. During the same quarter last year, the company posted ($1.59) earnings per share. Rubrik's quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.