Hamilton Lane Advisors LLC Raises Holdings in Rubrik, Inc. (NYSE:RBRK)

Hamilton Lane Advisors LLC increased its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 210.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,573 shares of the company's stock after purchasing an additional 71,547 shares during the period. Rubrik makes up 5.5% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 3rd biggest holding. Hamilton Lane Advisors LLC owned 0.06% of Rubrik worth $6,438,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RBRK. KBC Group NV boosted its holdings in Rubrik by 19.1% during the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after acquiring an additional 430 shares during the period. Renaissance Capital LLC boosted its holdings in Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock valued at $4,757,000 after acquiring an additional 12,714 shares during the period. Robertson Stephens Wealth Management LLC bought a new stake in Rubrik during the fourth quarter valued at about $450,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Rubrik during the fourth quarter valued at about $858,000. Finally, Robocap Asset Management Ltd bought a new stake in Rubrik during the fourth quarter valued at about $2,486,000. 49.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets restated an "outperform" rating and set a $110.00 price target (up from $77.00) on shares of Rubrik in a report on Friday. KeyCorp upped their price objective on shares of Rubrik from $98.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research report on Friday. Robert W. Baird upped their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday. Finally, William Blair began coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.81.

Insider Activity

In other news, Director Yvonne Wassenaar sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total transaction of $210,090.00. Following the sale, the director now directly owns 153 shares of the company's stock, valued at $10,714.59. This represents a 95.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the transaction, the executive now directly owns 331,043 shares in the company, valued at approximately $23,173,010. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 632,609 shares of company stock valued at $47,450,968 over the last three months. 32.38% of the stock is owned by insiders.

Rubrik Trading Down 0.5%

Shares of RBRK traded down $0.54 during mid-day trading on Friday, hitting $98.03. 6,567,499 shares of the company traded hands, compared to its average volume of 2,158,031. Rubrik, Inc. has a one year low of $28.34 and a one year high of $103.00. The business has a 50-day moving average of $75.32 and a 200 day moving average of $69.25. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of -34.64 and a beta of 0.87.

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

Rubrik Company 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.