New York State Common Retirement Fund Purchases New Shares in Rubrik, Inc. (NYSE:RBRK)

New York State Common Retirement Fund acquired a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,997 shares of the company's stock, valued at approximately $5,732,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RBRK. 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 lifted its position in Rubrik by 53.4% in the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock valued at $495,000 after acquiring an additional 2,824 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 303,305 shares during the period. FMR LLC lifted its holdings 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 buying an additional 2,065,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Rubrik by 168.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after buying an additional 418,457 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the completion of the transaction, the executive owned 431,052 shares in the company, valued at approximately $37,057,540.44. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Yvonne Wassenaar sold 2,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total transaction of $176,420.00. Following the sale, the director directly owned 2,855 shares of the company's stock, valued at $251,839.55. This represents a 41.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,229,515 shares of company stock worth $109,999,877. 32.38% of the stock is owned by company insiders.

Rubrik Trading Down 0.2%

RBRK traded down $0.13 during trading on Thursday, hitting $84.71. 464,746 shares of the company's stock were exchanged, compared to its average volume of 3,002,779. Rubrik, Inc. has a 1 year low of $28.60 and a 1 year high of $103.00. The stock has a 50 day moving average price of $89.79 and a 200 day moving average price of $75.19. The firm has a market cap of $16.39 billion, a P/E ratio of -29.93 and a beta of 0.46.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share 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 analysts' expectations of $260.39 million. Rubrik's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.58) earnings per share. Analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RBRK has been the subject of several research analyst reports. Roth Capital increased their target price on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wedbush boosted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Piper Sandler decreased their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Guggenheim upped their price objective on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, Rosenblatt Securities upped their price target on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $100.38.

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.