Penserra Capital Management LLC Has $61.35 Million Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Penserra Capital Management LLC increased its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 13.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,006,111 shares of the company's stock after buying an additional 119,258 shares during the quarter. Rubrik accounts for about 1.1% of Penserra Capital Management LLC's investment portfolio, making the stock its 18th largest position. Penserra Capital Management LLC owned 0.53% of Rubrik worth $61,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of RBRK. Russell Investments Group Ltd. acquired a new stake in Rubrik in the 4th quarter valued at about $28,000. Nemes Rush Group LLC bought a new position in Rubrik in the 4th quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new position in Rubrik during the 4th quarter worth $47,000. Quarry LP bought a new position in Rubrik in the 4th quarter valued at $48,000. Finally, CoreCap Advisors LLC bought a new position in Rubrik in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RBRK shares. Wall Street Zen raised Rubrik from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Truist Financial raised their target price on shares of Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. BMO Capital Markets restated an "outperform" rating and issued a $110.00 price objective (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. CIBC raised their price objective on shares of Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research note on Monday, June 9th. Finally, Roth Capital upped their target price on shares of Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $100.38.

Rubrik Stock Performance

NYSE RBRK traded up $0.62 on Monday, reaching $89.70. The company had a trading volume of 3,661,732 shares, compared to its average volume of 2,491,090. The company's fifty day moving average is $87.19 and its 200-day moving average is $73.68. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of -31.70 and a beta of 0.46. Rubrik, Inc. has a 1-year low of $28.60 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last released 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 the consensus estimate of $260.39 million. During the same quarter in the previous year, the firm posted ($1.58) EPS. The company's revenue was up 48.7% on a year-over-year basis. On average, research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Kiran Kumar Choudary sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $100.24, for a total value of $3,007,200.00. Following the completion of the sale, the chief financial officer owned 521,665 shares of the company's stock, valued at approximately $52,291,699.60. This represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total transaction of $3,819,415.68. Following the sale, the chief technology officer directly owned 38,122 shares in the company, valued at $3,376,084.32. This trade represents a 53.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,271,712 shares of company stock worth $112,312,201 over the last 90 days. 32.38% of the stock is currently owned by insiders.

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.