Atria Wealth Solutions Inc. Raises Stake in Rubrik, Inc. (NYSE:RBRK)

Atria Wealth Solutions Inc. lifted its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 15.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,500 shares of the company's stock after acquiring an additional 3,500 shares during the period. Atria Wealth Solutions Inc.'s holdings in Rubrik were worth $1,555,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RBRK. Geode Capital Management LLC lifted its position in Rubrik by 26.5% during the fourth quarter. Geode Capital Management LLC now owns 719,456 shares of the company's stock worth $47,048,000 after purchasing an additional 150,810 shares during the period. Wells Fargo & Company MN lifted its position in Rubrik by 21.4% during the fourth quarter. Wells Fargo & Company MN now owns 85,829 shares of the company's stock worth $5,610,000 after purchasing an additional 15,106 shares during the period. Russell Investments Group Ltd. bought a new stake in Rubrik during the fourth quarter worth about $28,000. FMR LLC lifted its position in 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 purchasing an additional 2,065,444 shares during the period. Finally, Cerity Partners LLC bought a new stake in Rubrik during the fourth quarter worth about $209,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Trading Down 4.0%

Shares of RBRK traded down $3.53 during trading hours on Thursday, reaching $84.55. The stock had a trading volume of 1,830,207 shares, compared to its average volume of 3,023,066. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00. The firm has a 50-day simple moving average of $88.80 and a 200 day simple moving average of $77.47. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of -29.88 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. During the same quarter last year, the business posted ($1.58) earnings per share. Rubrik's revenue was up 48.7% on a year-over-year basis. On average, equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RBRK. Oppenheimer reissued a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. CIBC increased their target price on shares of Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a report on Monday, June 9th. Wall Street Zen raised shares of Rubrik from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Rosenblatt Securities increased their target price on shares of Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, KeyCorp reissued an "overweight" rating and issued a $113.00 target price (up previously from $98.00) 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, Rubrik has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

Insider Buying and Selling

In other news, CTO Arvind Nithrakashyap sold 43,128 shares of Rubrik stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total transaction of $3,819,415.68. Following the sale, the chief technology officer directly owned 38,122 shares in the company, valued at $3,376,084.32. The trade was a 53.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.18, for a total value of $2,504,500.00. Following the sale, the executive owned 454,584 shares in the company, valued at $45,540,225.12. The trade was a 5.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,080,047 shares of company stock valued at $99,115,944 in the last 90 days. Insiders own 32.38% of the company's stock.

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.