Robocap Asset Management Ltd Purchases 71,064 Shares of Rubrik, Inc. (NYSE:RBRK)

Robocap Asset Management Ltd raised its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 186.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,099 shares of the company's stock after acquiring an additional 71,064 shares during the period. Rubrik comprises 5.0% of Robocap Asset Management Ltd's holdings, making the stock its 7th biggest holding. Robocap Asset Management Ltd owned approximately 0.06% of Rubrik worth $6,653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Rubrik during the fourth quarter worth about $277,395,000. Vanguard Group Inc. grew its holdings in shares of Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock worth $413,610,000 after purchasing an additional 3,372,323 shares during the last quarter. FMR LLC grew its holdings in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after purchasing an additional 2,065,444 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Rubrik in the fourth quarter worth approximately $85,331,000. Finally, Bank of America Corp DE lifted its stake in shares of Rubrik by 1,305.1% in the fourth quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock worth $72,994,000 after acquiring an additional 1,037,319 shares during the period. Institutional investors own 49.54% of the company's stock.

Rubrik Stock Down 1.7%

RBRK traded down $1.48 during trading on Friday, hitting $84.66. The company's stock had a trading volume of 1,375,082 shares, compared to its average volume of 2,532,564. Rubrik, Inc. has a twelve month low of $28.60 and a twelve month high of $103.00. The stock's fifty day moving average price is $88.23 and its 200-day moving average price is $74.02. The firm has a market capitalization of $16.38 billion, a P/E ratio of -29.90 and a beta of 0.46.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same period last year, the firm posted ($1.58) earnings per share. Rubrik's quarterly revenue was up 48.7% compared to the same quarter last year. Equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $71.44, for a total transaction of $1,786,000.00. Following the transaction, the executive directly owned 554,217 shares of the company's stock, valued at $39,593,262.48. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Arvind Nithrakashyap sold 43,128 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $88.56, for a total value of $3,819,415.68. Following the transaction, the chief technology officer directly owned 38,122 shares in the company, valued at $3,376,084.32. The trade was a 53.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,241,228 shares of company stock valued at $110,649,702 over the last ninety days. Company insiders own 32.38% of the company's stock.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent analyst reports. Roth Capital lifted their price objective on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Cantor Fitzgerald lifted their price objective on Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. CIBC lifted their price objective on Rubrik from $110.00 to $125.00 and gave the stock an "outperformer" rating in a research note on Monday, June 9th. Wedbush lifted their price objective on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Finally, Truist Financial lifted their price objective on Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

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.