Lazard Asset Management LLC Acquires 4,960 Shares of Rubrik, Inc. (NYSE:RBRK)

Lazard Asset Management LLC boosted its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 6,985.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,031 shares of the company's stock after acquiring an additional 4,960 shares during the quarter. Lazard Asset Management LLC's holdings in Rubrik were worth $327,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Capital LLC increased its position 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 increased its position in shares of Rubrik by 2,899.7% during the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after purchasing an additional 303,305 shares during the period. FMR LLC increased its position in shares of Rubrik by 172.6% during the 4th 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. US Bancorp DE increased its position in shares of Rubrik by 1,329.9% during the 4th quarter. US Bancorp DE now owns 19,547 shares of the company's stock valued at $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 during the 4th quarter valued at $11,462,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Price Performance

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

Rubrik (NYSE:RBRK - Get Free Report) last released 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 analysts' expectations of $233.13 million. The company's revenue was up 47.5% on a year-over-year basis. During the same period last year, the firm posted ($1.59) earnings per share. Research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBRK has been the topic of several research analyst reports. Guggenheim lifted their price target on Rubrik from $80.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday. Wedbush lifted their price target on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Tuesday, April 29th. Cantor Fitzgerald increased their target price on shares of Rubrik from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Finally, Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.69.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $90.10, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 87,971 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84. Following the transaction, the chief financial officer now owns 413,458 shares in the company, valued at approximately $28,958,598.32. This trade represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 627,117 shares of company stock worth $43,346,198 over the last three months. Corporate insiders own 32.38% of the company's stock.

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.