193,507 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Deutsche Bank AG

Deutsche Bank AG bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 193,507 shares of the company's stock, valued at approximately $12,648,000. Deutsche Bank AG owned 0.10% of Rubrik at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Rubrik during the fourth quarter worth about $277,395,000. Vanguard Group Inc. lifted its stake in Rubrik by 114.1% in the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after buying an additional 3,372,323 shares in the last quarter. FMR LLC increased its position in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after acquiring an additional 2,065,444 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Rubrik by 1,305.1% during the fourth quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock worth $72,994,000 after acquiring an additional 1,037,319 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Rubrik during the fourth quarter worth $64,530,000. Institutional investors own 49.54% of the company's stock.

Rubrik Price Performance

Rubrik stock traded down $0.18 during trading hours on Wednesday, hitting $88.83. The company had a trading volume of 259,756 shares, compared to its average volume of 2,400,246. The firm has a market cap of $16.86 billion and a PE ratio of -6.45. The firm has a 50-day moving average of $68.33 and a 200 day moving average of $64.79. Rubrik, Inc. has a one year low of $28.34 and a one year high of $89.31.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share 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 analysts' expectations of $233.13 million. During the same period in the previous year, the firm earned ($1.59) EPS. Rubrik's revenue was up 47.5% on a year-over-year basis. As a group, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Arvind Nithrakashyap sold 32,484 shares of the company's stock in a transaction 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 completion of the transaction, the chief technology officer now directly owns 186,795 shares in the company, valued at approximately $9,720,811.80. This represents a 14.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $60.19, for a total value of $542,251.71. Following the sale, the director now directly owns 998 shares in the company, valued at approximately $60,069.62. This trade represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 592,117 shares of company stock valued at $40,192,998.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RBRK. Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Wedbush boosted their price target on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. KeyCorp decreased their price objective on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. UBS Group reissued a "buy" rating on shares of Rubrik in a research report on Tuesday, April 29th. Finally, Robert W. Baird cut their target price on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.13.

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.