Left Brain Wealth Management LLC Makes New $256,000 Investment in Rubrik, Inc. (NYSE:RBRK)

Left Brain Wealth Management LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,200 shares of the company's stock, valued at approximately $256,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the fourth quarter valued at approximately $28,000. Nemes Rush Group LLC acquired a new position in Rubrik during the 4th quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new position in Rubrik during the 4th quarter worth approximately $47,000. Quarry LP acquired a new position in Rubrik during the 4th quarter worth approximately $48,000. Finally, CoreCap Advisors LLC acquired a new position in Rubrik during the 4th quarter worth approximately $59,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial lifted their price target on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wedbush increased their price target on shares of Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Cantor Fitzgerald increased their price target on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Finally, Piper Sandler decreased their price target on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

Insider Activity

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $71.44, for a total value of $1,786,000.00. Following the completion of the sale, the executive owned 554,217 shares of the company's stock, valued at $39,593,262.48. This represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Enrique T. Salem sold 700,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $91.09, for a total transaction of $63,763,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,244,728 shares of company stock worth $110,956,092. 32.38% of the stock is owned by insiders.

Rubrik Stock Performance

NYSE:RBRK traded up $2.03 during mid-day trading on Monday, hitting $86.57. 964,024 shares of the company's stock traded hands, compared to its average volume of 2,548,732. Rubrik, Inc. has a 1 year low of $28.60 and a 1 year high of $103.00. The company has a market cap of $16.75 billion, a PE ratio of -30.46 and a beta of 0.46. The firm's 50 day simple moving average is $88.46 and its 200 day simple moving average is $74.22.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. The company's revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.58) EPS. On average, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal 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.