13,452 Shares in Rubrik, Inc. (NYSE:RBRK) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,452 shares of the company's stock, valued at approximately $820,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBRK. Rhumbline Advisers bought a new position in Rubrik during the fourth quarter valued at about $64,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Rubrik in the 4th quarter valued at approximately $3,103,000. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of Rubrik by 140.7% in the 4th quarter. Legacy Capital Group California Inc. now owns 181,117 shares of the company's stock valued at $11,838,000 after purchasing an additional 105,877 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Rubrik in the 4th quarter valued at approximately $648,000. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Roth Capital upped their price objective on Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Robert W. Baird upped their price objective on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. UBS Group reiterated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Finally, Wedbush upped their price objective on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Rubrik Price Performance

NYSE RBRK opened at $87.28 on Friday. The stock's 50 day simple moving average is $81.18 and its 200 day simple moving average is $71.72. Rubrik, Inc. has a one year low of $28.34 and a one year high of $103.00. The firm has a market cap of $16.89 billion, a PE ratio of -30.84 and a beta of 0.87.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. The business's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same period last year, the company earned ($1.58) EPS. As a group, equities analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,484 shares of the stock in a transaction dated Monday, April 7th. The stock was 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 owns 186,795 shares in the company, valued at approximately $9,720,811.80. This represents a 14.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Enrique T. Salem sold 700,000 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $91.09, for a total value of $63,763,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,190,137 shares of company stock valued at $102,959,494 in the last 90 days. 32.38% of the stock is owned by company insiders.

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.

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