12,274 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Lockheed Martin Investment Management Co.

Key Points

• Lockheed Martin Investment Management Co. purchased 12,274 shares of Rubrik, Inc. (NYSE:RBRK), valued at approximately $748,000, in the first quarter of the year.
• Recent insider activity includes the sale of 9,009 shares by Director John Wendell Thompson, representing a 90.03% decrease in his position, and a sale of 12,500 shares by CRO Brian K. Mccarthy.
• Analysts have increased their price targets for Rubrik, with projections reaching as high as $125.00, indicating a generally favorable outlook on the company's stock.

Lockheed Martin Investment Management Co. acquired a new position in shares of 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 12,274 shares of the company's stock, valued at approximately $748,000.

Several other institutional investors also recently modified their holdings of RBRK. Russell Investments Group Ltd. acquired a new position in shares of Rubrik during the 4th quarter worth about $28,000. PNC Financial Services Group Inc. bought a new stake in shares of Rubrik during the 1st quarter worth about $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Rubrik during the 4th quarter worth about $47,000. Quarry LP bought a new stake in shares of Rubrik during the 4th quarter worth about $48,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Rubrik during the 4th quarter worth about $59,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on RBRK shares. Truist Financial lifted their target price on shares of Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wedbush lifted their target price on shares of Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Cantor Fitzgerald lifted their target price on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Finally, UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Insider Activity

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $100.18, for a total value of $2,504,500.00. Following the completion of the transaction, the executive directly owned 454,584 shares in the company, valued at approximately $45,540,225.12. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $100.24, for a total transaction of $3,007,200.00. Following the completion of the transaction, the chief financial officer owned 521,665 shares of the company's stock, valued at $52,291,699.60. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,083,547 shares of company stock valued at $99,409,279 over the last quarter. 32.38% of the stock is owned by corporate insiders.

Rubrik Trading Up 1.9%

NYSE RBRK traded up $1.60 during trading on Tuesday, reaching $87.30. The company's stock had a trading volume of 242,950 shares, compared to its average volume of 3,027,392. The firm has a 50 day moving average price of $89.21 and a 200 day moving average price of $77.32. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of -30.81 and a beta of 0.45. Rubrik, Inc. has a 12 month low of $29.18 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its 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 firm had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. Rubrik's quarterly revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.58) earnings per share. On average, equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

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.