S&CO Inc. Takes Position in Rubrik, Inc. (NYSE:RBRK)

Key Points

• S&CO Inc. purchased 13,209 shares of Rubrik, Inc. (NYSE:RBRK), valued at approximately $805,000, during the first quarter as disclosed in a recent SEC filing.
• Insider transactions reveal that CFO Kiran Kumar Choudary sold 30,000 shares at an average price of $100.24, while Director Enrique T. Salem sold 700,000 shares for over $63 million.
• Rubrik's stock has been rated as a "Moderate Buy" by analysts, with price targets raised to as high as $125.00, reflecting positive growth expectations.

S&CO Inc. purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,209 shares of the company's stock, valued at approximately $805,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock worth $413,610,000 after acquiring an additional 3,372,323 shares during the last quarter. FMR LLC grew its stake 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 during the last quarter. First Trust Advisors LP grew its stake in shares of Rubrik by 26.6% during the fourth quarter. First Trust Advisors LP now owns 3,156,035 shares of the company's stock worth $206,278,000 after acquiring an additional 662,914 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 during the last quarter. Finally, PointState Capital LP grew its stake in shares of Rubrik by 21.1% during the fourth quarter. PointState Capital LP now owns 1,523,808 shares of the company's stock worth $99,596,000 after acquiring an additional 265,152 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Buying and Selling

In other Rubrik news, Director Ravi Mhatre sold 16,984 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the sale, the director directly owned 81,842 shares in the company, valued at $7,322,403.74. This represents a 17.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yvonne Wassenaar sold 2,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total value of $176,420.00. Following the completion of the sale, the director owned 2,855 shares of the company's stock, valued at approximately $251,839.55. The trade was a 41.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,175,506 shares of company stock worth $106,223,064 over the last quarter. Corporate insiders own 32.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RBRK shares. Truist Financial lifted their target price on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Rosenblatt Securities lifted their target price on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wedbush lifted their target price on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Piper Sandler decreased their target price on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $100.38.

Rubrik Stock Down 7.6%

Shares of Rubrik stock traded down $7.23 on Friday, reaching $87.72. The company's stock had a trading volume of 5,899,410 shares, compared to its average volume of 3,061,329. The company has a market capitalization of $16.97 billion, a P/E ratio of -31.00 and a beta of 0.46. Rubrik, Inc. has a 52-week low of $28.60 and a 52-week high of $103.00. The stock has a 50-day moving average price of $90.05 and a 200-day moving average price of $76.23.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. During the same quarter in the previous year, the firm posted ($1.58) earnings per share. The firm's revenue for the quarter was up 48.7% compared to the same quarter last year. Sell-side analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.