Deutsche Bank AG Purchases Shares of 193,507 Rubrik, Inc. (NYSE:RBRK)

Deutsche Bank AG purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 193,507 shares of the company's stock, valued at approximately $12,648,000. Deutsche Bank AG owned 0.10% of Rubrik as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RBRK. Barclays PLC grew its holdings in shares of Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company's stock worth $386,000 after acquiring an additional 7,029 shares during the period. Hamilton Lane Advisors LLC grew its stake in Rubrik by 3.0% in the fourth quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company's stock worth $2,224,000 after purchasing an additional 980 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after purchasing an additional 300 shares during the period. Shikiar Asset Management Inc. bought a new position in Rubrik in the fourth quarter worth $203,000. Finally, Jackson Square Capital LLC purchased a new position in Rubrik during the fourth quarter valued at $411,000. Institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

Shares of RBRK stock traded up $1.31 on Monday, reaching $86.62. The stock had a trading volume of 2,280,872 shares, compared to its average volume of 2,038,641. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $87.50. The stock has a market cap of $16.44 billion and a P/E ratio of -6.29. The company has a 50 day simple moving average of $67.07 and a 200 day simple moving average of $64.30.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $233.13 million. During the same quarter last year, the firm earned ($1.59) earnings per share. The business's revenue was up 47.5% on a year-over-year basis. On average, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBRK has been the topic of a number of recent research reports. Wedbush upped their target price on shares of Rubrik from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Wells Fargo & Company upped their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Guggenheim lifted their target price on shares of Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Piper Sandler dropped their price target on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, William Blair initiated coverage on Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Rubrik has a consensus rating of "Buy" and a consensus target price of $71.05.

Insider Buying and Selling at Rubrik

In related news, CFO Kiran Kumar Choudary sold 3,500 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.81, for a total transaction of $293,335.00. Following the completion of the transaction, the chief financial officer now directly owns 565,165 shares in the company, valued at approximately $47,366,478.65. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $193,275.00. Following the sale, the director now owns 153 shares in the company, valued at approximately $11,828.43. The trade was a 94.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 594,617 shares of company stock valued at $40,386,273.

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.