Nuveen Asset Management LLC Sells 362,276 Shares of Rubrik, Inc. (NYSE:RBRK)

Nuveen Asset Management LLC lessened its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,991 shares of the company's stock after selling 362,276 shares during the period. Nuveen Asset Management LLC owned approximately 0.44% of Rubrik worth $52,810,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RBRK. Barclays PLC raised its holdings in shares of Rubrik by 140.6% during the third quarter. Barclays PLC now owns 12,029 shares of the company's stock worth $386,000 after acquiring an additional 7,029 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after purchasing an additional 300 shares in the last quarter. Jackson Square Capital LLC acquired a new stake in shares of Rubrik in the 4th quarter valued at about $411,000. Diversify Wealth Management LLC raised its stake in shares of Rubrik by 2.2% in the 4th quarter. Diversify Wealth Management LLC now owns 57,499 shares of the company's stock valued at $3,649,000 after purchasing an additional 1,249 shares during the period. Finally, Perpetual Ltd bought a new stake in shares of Rubrik in the fourth quarter valued at about $281,000. Institutional investors own 49.54% of the company's stock.

Rubrik Price Performance

RBRK stock traded up $3.38 during trading hours on Thursday, reaching $91.13. The stock had a trading volume of 2,417,521 shares, compared to its average volume of 2,049,775. The stock has a 50-day simple moving average of $68.68 and a 200 day simple moving average of $64.95. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $92.85. The stock has a market capitalization of $17.29 billion and a PE ratio of -6.61.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results 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 firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same quarter last year, the firm posted ($1.59) earnings per share. The business's revenue for the quarter was up 47.5% compared to the same quarter last year. On average, sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RBRK shares. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Tuesday, April 29th. Wedbush upped their price target on Rubrik from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Robert W. Baird lowered their price objective on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Piper Sandler cut their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Roth Capital began coverage on shares of Rubrik in a report on Thursday, May 15th. They set a "buy" rating and a $97.00 target price for the company. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.13.

Insider Buying and Selling at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 87,971 shares of the company's stock in a transaction on 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 directly owns 413,458 shares in the company, valued at $28,958,598.32. The trade was a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.18, for a total transaction of $569,188.62. Following the completion of the transaction, the director now directly owns 998 shares in the company, valued at $63,053.64. The trade was a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 592,117 shares of company stock worth $40,192,998 over the last 90 days. Company insiders own 32.38% of the company's stock.

About Rubrik

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.