Centiva Capital LP Takes Position in Rubrik, Inc. (NYSE:RBRK)

Centiva Capital LP purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 52,178 shares of the company's stock, valued at approximately $3,410,000.

A number of other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik in the 4th quarter worth $28,000. Global Retirement Partners LLC grew 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 valued at $33,000 after acquiring an additional 500 shares in the last quarter. Nemes Rush Group LLC purchased a new position in Rubrik during the fourth quarter valued at $39,000. Quarry LP bought a new stake in Rubrik in the 4th quarter valued at $48,000. Finally, NewEdge Advisors LLC purchased a new stake in Rubrik in the 4th quarter worth $62,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Activity at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $71.44, for a total transaction of $1,786,000.00. Following the transaction, the executive now owns 554,217 shares in the company, valued at $39,593,262.48. This trade represents a 4.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company's stock, valued at approximately $16,413,033.15. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 506,634 shares of company stock valued at $33,523,839.

Rubrik Trading Up 1.6 %

RBRK opened at $74.50 on Tuesday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The stock has a market cap of $14.14 billion and a PE ratio of -5.41. The stock's 50 day simple moving average is $63.41 and its 200-day simple moving average is $61.78.

Rubrik (NYSE:RBRK - Get Free Report) last announced its 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. The company's revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the company posted ($1.59) earnings per share. Equities analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Guggenheim lifted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets boosted their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, March 14th. Rosenblatt Securities raised shares of 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. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Tuesday, April 29th. Finally, Piper Sandler decreased their price objective on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $68.83.

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.

Want to see what other hedge funds are holding RBRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rubrik, Inc. (NYSE:RBRK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.