3,941 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Focus Partners Wealth

Focus Partners Wealth bought a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,941 shares of the company's stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBRK. Renaissance Capital LLC grew its stake in shares of Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock valued at $4,757,000 after buying an additional 12,714 shares during the period. BNP Paribas Financial Markets grew its position in Rubrik by 2,899.7% during the fourth quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after acquiring an additional 303,305 shares during the period. FMR LLC increased its stake 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 acquiring an additional 2,065,444 shares during the last quarter. US Bancorp DE raised its holdings in shares of Rubrik by 1,329.9% in the 4th quarter. US Bancorp DE now owns 19,547 shares of the company's stock worth $1,278,000 after purchasing an additional 18,180 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Rubrik in the 4th quarter valued at about $11,462,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wedbush raised their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. BMO Capital Markets upped their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. William Blair initiated coverage on Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating on the stock. KeyCorp decreased their target price on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Piper Sandler dropped their target price on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.69.

Rubrik Price Performance

NYSE:RBRK traded down $0.86 during mid-day trading on Wednesday, reaching $93.99. The stock had a trading volume of 281,868 shares, compared to its average volume of 2,061,410. The stock's 50 day simple moving average is $70.46 and its two-hundred day simple moving average is $66.47. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $95.78. The company has a market capitalization of $17.84 billion and a price-to-earnings ratio of -6.82.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. The firm's revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the company posted ($1.59) earnings per share. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 10,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $90.07, for a total transaction of $900,700.00. Following the completion of the transaction, the chief financial officer now owns 555,165 shares in the company, valued at approximately $50,003,711.55. The trade was a 1.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $90.10, for a total value of $2,252,500.00. Following the transaction, the executive now directly owns 504,584 shares in the company, valued at $45,463,018.40. This trade represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 627,117 shares of company stock valued at $43,346,198 in the last ninety days. Company insiders own 32.38% of the company's stock.

About Rubrik

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.