California State Teachers Retirement System Increases Position in Rubrik, Inc. (NYSE:RBRK)

California State Teachers Retirement System increased its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,279 shares of the company's stock after purchasing an additional 10,191 shares during the quarter. California State Teachers Retirement System's holdings in Rubrik were worth $3,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new position in shares of Rubrik in the 4th quarter worth approximately $28,000. Global Retirement Partners LLC grew its stake in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the period. Nemes Rush Group LLC bought a new position in Rubrik in the fourth quarter worth $39,000. Point72 Hong Kong Ltd purchased a new position in Rubrik during the fourth quarter valued at $47,000. Finally, Quarry LP bought a new stake in shares of Rubrik during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. William Blair started coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. KeyCorp raised their target price on shares of Rubrik from $98.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday. Robert W. Baird boosted their price target on Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. Wedbush reaffirmed an "outperform" rating and set a $120.00 price objective (up previously from $80.00) on shares of Rubrik in a research report on Friday. Finally, Truist Financial lifted their price objective on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.81.

Insider Activity

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the executive now owns 331,043 shares in the company, valued at $23,173,010. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Yvonne Wassenaar sold 3,000 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $70.03, for a total value of $210,090.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at $10,714.59. This trade represents a 95.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 632,609 shares of company stock valued at $47,450,968 in the last quarter. 32.38% of the stock is currently owned by insiders.

Rubrik Stock Performance

Shares of RBRK traded down $0.54 during mid-day trading on Friday, hitting $98.03. 6,567,347 shares of the company traded hands, compared to its average volume of 2,153,925. The stock has a market cap of $18.60 billion and a price-to-earnings ratio of -7.11. The stock has a 50-day moving average price of $74.56 and a two-hundred day moving average price of $68.88. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $105.48.

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