OMERS ADMINISTRATION Corp Purchases 3,400 Shares of Rubrik, Inc. (NYSE:RBRK)

OMERS ADMINISTRATION Corp boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,800 shares of the company's stock after acquiring an additional 3,400 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Rubrik were worth $967,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RBRK. Wealthcare Advisory Partners LLC increased its holdings in Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after acquiring an additional 300 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik in the fourth quarter valued at about $28,000. KBC Group NV raised its position in shares of Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after buying an additional 430 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in shares of Rubrik during the fourth quarter valued at about $39,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of Rubrik stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $83.81, for a total value of $293,335.00. Following the transaction, the chief financial officer now owns 565,165 shares of the company's stock, valued at $47,366,478.65. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $52.04, for a total value of $1,690,467.36. Following the sale, the chief technology officer now owns 186,795 shares in the company, valued at approximately $9,720,811.80. The trade was a 14.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 592,117 shares of company stock valued at $40,192,998 over the last quarter.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of analyst reports. Guggenheim boosted their target price on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets raised their target price on Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Wells Fargo & Company upped their price target on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Roth Capital started coverage on shares of Rubrik in a research report on Thursday, May 15th. They set a "buy" rating and a $97.00 target price for the company. Finally, Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $71.05.

Rubrik Stock Performance

Shares of RBRK stock traded up $2.27 during trading hours on Tuesday, hitting $88.99. 2,152,691 shares of the company were exchanged, compared to its average volume of 2,042,877. The stock has a market capitalization of $16.89 billion and a price-to-earnings ratio of -6.46. Rubrik, Inc. has a one year low of $28.34 and a one year high of $89.13. The business's 50-day simple moving average is $68.33 and its two-hundred day simple moving average is $64.79.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same period last year, the business earned ($1.59) EPS. The company's revenue was up 47.5% on a year-over-year basis. As a group, analysts anticipate 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.