Hamilton Lane Advisors LLC Has $6.44 Million Holdings in Rubrik, Inc. (NYSE:RBRK)

Hamilton Lane Advisors LLC grew its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 210.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,573 shares of the company's stock after acquiring an additional 71,547 shares during the period. Rubrik accounts for approximately 5.5% of Hamilton Lane Advisors LLC's holdings, making the stock its 3rd largest position. Hamilton Lane Advisors LLC owned approximately 0.06% of Rubrik worth $6,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Voloridge Investment Management LLC bought a new stake in shares of Rubrik in the 4th quarter valued at about $85,331,000. Green Alpha Advisors LLC boosted its stake in shares of Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after acquiring an additional 2,824 shares during the period. Renaissance Capital LLC raised its stake in Rubrik by 21.2% in the 4th 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. BNP Paribas Financial Markets boosted 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 worth $20,508,000 after purchasing an additional 303,305 shares during the period. Finally, FMR LLC raised its position in shares of Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after purchasing an additional 2,065,444 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Stock Up 0.5%

Shares of NYSE:RBRK traded up $0.47 during midday trading on Wednesday, reaching $98.54. 2,415,152 shares of the company traded hands, compared to its average volume of 2,111,326. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $99.98. The firm has a market capitalization of $18.70 billion and a price-to-earnings ratio of -7.15. The firm's fifty day moving average price is $73.12 and its two-hundred day moving average price is $68.29.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same quarter in the previous year, the business earned ($1.59) EPS. The business's quarterly revenue was up 47.5% compared to the same quarter last year. Analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 3,000 shares of Rubrik stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 approximately $10,714.59. The trade was a 95.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $62.98, for a total value of $832,154.74. Following the completion of the sale, the insider now directly owns 21,221 shares in the company, valued at approximately $1,336,498.58. This represents a 38.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 531,639 shares of company stock worth $37,458,011. 32.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RBRK. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a research note on Wednesday, March 12th. Wall Street Zen downgraded Rubrik from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Roth Capital assumed coverage on Rubrik in a research report on Thursday, May 15th. They set a "buy" rating and a $97.00 target price for the company. Piper Sandler decreased their price target on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, BMO Capital Markets boosted their target price on shares of Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Rubrik currently has an average rating of "Moderate Buy" and an average target price of $77.69.

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.