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

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

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Rubrik by 24.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 406,581 shares of the company's stock worth $26,574,000 after acquiring an additional 81,161 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Rubrik in the fourth quarter valued at approximately $464,000. Raymond James Financial Inc. purchased a new stake in shares of Rubrik in the fourth quarter valued at approximately $11,462,000. Amundi acquired a new position in shares of Rubrik during the 4th quarter worth approximately $2,329,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Rubrik by 82.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,359 shares of the company's stock valued at $1,200,000 after buying an additional 8,300 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 16,984 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $89.47, for a total value of $1,519,558.48. Following the completion of the transaction, the director owned 81,842 shares in the company, valued at $7,322,403.74. The trade was a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $87.54, for a total value of $306,390.00. Following the sale, the chief financial officer directly owned 521,595 shares in the company, valued at $45,660,426.30. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,229,515 shares of company stock valued at $109,999,877. 32.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RBRK has been the topic of several recent analyst reports. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Wells Fargo & Company lifted their price objective on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Truist Financial increased their target price on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Wall Street Zen upgraded Rubrik from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Trading Up 0.2%

RBRK stock traded up $0.15 during midday trading on Wednesday, hitting $87.49. 3,051,301 shares of the company's stock were exchanged, compared to its average volume of 2,568,594. Rubrik, Inc. has a 1-year low of $28.60 and a 1-year high of $103.00. The stock has a market capitalization of $16.93 billion, a PE ratio of -30.92 and a beta of 0.46. The business has a 50-day simple moving average of $89.18 and a two-hundred day simple moving average of $74.52.

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