Gotham Asset Management LLC Buys New Position in Rubrik, Inc. (NYSE:RBRK)

Gotham Asset Management LLC purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,019 shares of the company's stock, valued at approximately $328,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Rubrik by 114.1% during the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after acquiring an additional 3,372,323 shares during the period. Norges Bank bought a new position in Rubrik in the 4th quarter valued at about $277,395,000. FMR LLC raised its position in shares of 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 in the last quarter. First Trust Advisors LP raised its position in shares of Rubrik by 26.6% in the 4th quarter. First Trust Advisors LP now owns 3,156,035 shares of the company's stock valued at $206,278,000 after buying an additional 662,914 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Rubrik by 27.5% during the 4th 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 period. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Stock Up 1.4%

Shares of RBRK stock traded up $1.28 during trading hours on Friday, hitting $92.39. 1,818,941 shares of the company's stock traded hands, compared to its average volume of 2,059,509. The stock has a market cap of $17.53 billion and a PE ratio of -6.70. The stock's 50 day simple moving average is $69.09 and its 200 day simple moving average is $65.29. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $93.42.

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 company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same period in the prior year, the company posted ($1.59) earnings per share. The firm's revenue was up 47.5% compared to the same quarter last year. As a group, equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on RBRK shares. Wells Fargo & Company lifted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Roth Capital began coverage on Rubrik in a report on Thursday, May 15th. They issued a "buy" rating and a $97.00 target price on the stock. Guggenheim lifted their price target on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Piper Sandler dropped their price objective on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Wedbush lifted their target price on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.13.

Insider Transactions at Rubrik

In other news, Director Yvonne Wassenaar sold 3,000 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total value of $210,090.00. Following the sale, the director now directly owns 153 shares of the company's stock, valued at approximately $10,714.59. This represents a 95.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 87,971 shares of Rubrik stock in a transaction on Friday, March 21st. The stock was sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the transaction, the chief financial officer now directly owns 413,458 shares of the company's stock, valued at $28,958,598.32. This represents a 17.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 592,117 shares of company stock worth $40,192,998 over the last ninety days. 32.38% of the stock is owned by insiders.

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.