Bessemer Group Inc. Purchases 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% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,594 shares of the company's stock after acquiring an additional 155,914 shares during the quarter. Bessemer Group Inc. owned about 0.09% of Rubrik worth $10,098,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in shares of Rubrik during the 1st quarter worth about $225,000. Pursue Wealth Partners LLC bought a new position in shares of Rubrik during the 1st quarter worth about $2,313,000. SG Americas Securities LLC bought a new position in shares of Rubrik during the 1st quarter worth about $820,000. Stablepoint Partners LLC increased its holdings in shares of Rubrik by 45.9% during the 1st quarter. Stablepoint Partners LLC now owns 17,595 shares of the company's stock worth $1,073,000 after purchasing an additional 5,533 shares during the period. Finally, Hamilton Lane Advisors LLC increased its holdings in shares of Rubrik by 210.3% during the 1st quarter. Hamilton Lane Advisors LLC now owns 105,573 shares of the company's stock worth $6,438,000 after purchasing an additional 71,547 shares during the period. Institutional investors own 49.54% of the company's stock.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total value of $124,060.00. Following the completion of the sale, the chief financial officer now owns 614,798 shares of the company's stock, valued at approximately $38,135,919.94. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $60.22, for a total transaction of $1,505,500.00. Following the completion of the sale, the executive now directly owns 579,217 shares of the company's stock, valued at $34,880,447.74. The trade was a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,266,728 shares of company stock worth $109,769,140 over the last ninety days. Company insiders own 32.38% of the company's stock.

Rubrik Trading Up 1.7%

Shares of RBRK stock opened at $92.11 on Friday. Rubrik, Inc. has a 1 year low of $28.60 and a 1 year high of $103.00. The firm's 50 day moving average is $84.03 and its 200-day moving average is $72.80. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of -32.55 and a beta of 0.87.

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

Analyst Ratings Changes

Several research firms have recently issued reports on RBRK. Oppenheimer restated a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Wedbush boosted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Truist Financial upped their target price on shares of Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. BMO Capital Markets reissued an "outperform" rating and issued a $110.00 target price (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Finally, Piper Sandler lowered their target price on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

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.

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