Rubrik, Inc. (NYSE:RBRK) Stake Lifted by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Rubrik, Inc. by 17.6% during Q1, owning approximately 0.12% of the company valued at $13.87 million.
• Rubrik reported earnings of ($0.15) EPS for the last quarter, exceeding estimates, with revenue increasing 48.7% year-over-year to $278.48 million.
• Several analysts have set new price targets for Rubrik, with recommendations ranging from a "market perform" to a "buy." The average target price is $100.38.

Deutsche Bank AG grew its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 17.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,509 shares of the company's stock after purchasing an additional 34,002 shares during the period. Deutsche Bank AG owned approximately 0.12% of Rubrik worth $13,873,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RBRK. Russell Investments Group Ltd. bought a new position in Rubrik during the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. bought a new position in Rubrik during the first quarter valued at approximately $30,000. KBC Group NV lifted its position in Rubrik by 24.6% during the first quarter. KBC Group NV now owns 3,337 shares of the company's stock valued at $203,000 after purchasing an additional 658 shares during the period. Point72 Hong Kong Ltd bought a new position in Rubrik during the fourth quarter valued at approximately $47,000. Finally, Quarry LP bought a new position in Rubrik during the fourth quarter valued at approximately $48,000. Institutional investors own 49.54% of the company's stock.

Insider Transactions at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Arvind Nithrakashyap sold 43,128 shares of Rubrik stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total value of $3,819,415.68. Following the completion of the sale, the chief technology officer owned 38,122 shares of the company's stock, valued at $3,376,084.32. This trade represents a 53.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,080,047 shares of company stock worth $99,115,944. Corporate insiders own 32.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on RBRK shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 target price (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. Cantor Fitzgerald upped their target price on shares of Rubrik from $95.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, June 6th. KeyCorp reaffirmed an "overweight" rating and set a $113.00 target price (up from $98.00) on shares of Rubrik in a report on Friday, June 6th. Roth Capital upped their target price on shares of Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Wedbush upped their target price on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Rubrik currently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Price Performance

Shares of RBRK traded up $1.31 during mid-day trading on Friday, reaching $85.76. 2,337,539 shares of the company's stock were exchanged, compared to its average volume of 3,021,688. The stock has a market capitalization of $16.59 billion, a PE ratio of -30.30 and a beta of 0.45. The business's fifty day simple moving average is $88.28 and its 200-day simple moving average is $77.69. Rubrik, Inc. has a 52-week low of $29.18 and a 52-week high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business earned ($1.58) earnings per share. Rubrik's revenue for the quarter was up 48.7% compared to the same quarter last year. Equities research analysts predict 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.