EAM Investors LLC Makes New Investment in Rubrik, Inc. (NYSE:RBRK)

EAM Investors LLC purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 69,875 shares of the company's stock, valued at approximately $4,567,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 3,372,323 shares in the last quarter. Norges Bank bought a new position in shares of Rubrik during the 4th quarter worth approximately $277,395,000. FMR LLC increased its stake in Rubrik by 172.6% in the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after buying an additional 2,065,444 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Rubrik by 27.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company's stock worth $129,359,000 after acquiring an additional 427,149 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Rubrik by 32.0% in the 4th quarter. Federated Hermes Inc. now owns 1,516,991 shares of the company's stock valued at $99,151,000 after buying an additional 367,491 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Price Performance

NYSE RBRK traded down $0.84 during trading hours on Friday, reaching $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 firm has a fifty day simple moving average of $64.37 and a 200-day simple moving average of $59.19. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The stock has a market cap of $11.67 billion and a P/E ratio of -4.46.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same period last year, the firm earned ($1.59) EPS. The firm's revenue for the quarter was up 47.5% compared to the same quarter last year. On average, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RBRK shares. Guggenheim lifted their price target on Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. Robert W. Baird cut their target price on Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a research report 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 research note on Friday, March 14th. Finally, Citigroup upped their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $68.83.

Insider Activity

In related news, major shareholder Lightspeed Management Company, sold 13,213 shares of Rubrik stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total value of $832,154.74. Following the completion of the sale, the insider now owns 21,221 shares of the company's stock, valued at approximately $1,336,498.58. This trade represents a 38.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 87,971 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the sale, the chief financial officer now owns 413,458 shares of the company's stock, valued at $28,958,598.32. This trade represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 515,619 shares of company stock valued at $34,167,897.

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.