Bessemer Group Inc. Acquires 155,914 Shares of Rubrik, Inc. (NYSE:RBRK)

Bessemer Group Inc. increased its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 1,610.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,594 shares of the company's stock after buying an additional 155,914 shares during the quarter. Bessemer Group Inc. owned 0.09% of Rubrik worth $10,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Rubrik in the fourth quarter worth approximately $28,000. Global Retirement Partners LLC grew its position in shares of Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after buying an additional 500 shares during the period. Nemes Rush Group LLC bought a new stake in shares of Rubrik in the 4th quarter valued at $39,000. Point72 Hong Kong Ltd acquired a new position in shares of Rubrik during the 4th quarter valued at $47,000. Finally, Quarry LP acquired a new position in shares of Rubrik during the 4th quarter valued at $48,000. Institutional investors own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RBRK shares. Rosenblatt Securities lifted their price target on shares of Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. CIBC raised their target price on Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research note on Monday, June 9th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research report on Friday, June 6th. KeyCorp reiterated an "overweight" rating and issued a $113.00 price target (up previously from $98.00) on shares of Rubrik in a report on Friday, June 6th. Finally, Wall Street Zen raised Rubrik from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $100.38.

Insider Activity at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $60.22, for a total value of $1,505,500.00. Following the sale, the executive directly owned 579,217 shares in the company, valued at $34,880,447.74. The trade was a 4.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 30,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.24, for a total value of $3,007,200.00. Following the transaction, the chief financial officer owned 521,665 shares of the company's stock, valued at $52,291,699.60. The trade was a 5.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,270,228 shares of company stock worth $110,087,640 in the last ninety days. Corporate insiders own 32.38% of the company's stock.

Rubrik Trading Up 2.5%

Shares of RBRK traded up $2.19 on Monday, reaching $89.57. 4,714,734 shares of the company's stock traded hands, compared to its average volume of 2,453,351. The stock's 50 day simple moving average is $85.15 and its two-hundred day simple moving average is $73.06. The stock has a market cap of $17.33 billion, a PE ratio of -31.65 and a beta of 0.86. Rubrik, Inc. has a 52-week low of $28.60 and a 52-week high of $103.00.

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

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.