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

Robocap Asset Management Ltd raised its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 186.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,099 shares of the company's stock after acquiring an additional 71,064 shares during the period. Rubrik comprises approximately 5.0% of Robocap Asset Management Ltd's investment portfolio, making the stock its 7th largest holding. Robocap Asset Management Ltd owned 0.06% of Rubrik worth $6,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Rubrik during the fourth quarter worth about $28,000. Nemes Rush Group LLC purchased a new position in shares of Rubrik during the fourth quarter worth about $39,000. KBC Group NV grew its holdings in shares of Rubrik by 24.6% during the first quarter. KBC Group NV now owns 3,337 shares of the company's stock worth $203,000 after purchasing an additional 658 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Rubrik during the fourth quarter worth about $47,000. Finally, Quarry LP purchased a new position in shares of Rubrik during the fourth quarter worth about $48,000. 49.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RBRK. Guggenheim upped their target price on Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. KeyCorp reaffirmed an "overweight" rating and issued a $113.00 target price (up previously from $98.00) on shares of Rubrik in a research note on Friday, June 6th. Roth Capital upped their target price on Rubrik from $97.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Mizuho downgraded Rubrik from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Finally, UBS Group reiterated a "buy" rating on shares of Rubrik in a research report on Friday, June 6th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average price target of $100.38.

Rubrik Stock Performance

Rubrik stock traded down $5.26 during trading on Thursday, hitting $86.33. The company's stock had a trading volume of 5,197,016 shares, compared to its average volume of 2,529,007. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of -30.51 and a beta of 0.46. The stock's fifty day moving average is $87.93 and its 200 day moving average is $73.89. 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 announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. The business's revenue was up 48.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.58) earnings per share. On average, research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $88.21, for a total transaction of $176,420.00. Following the transaction, the director owned 2,855 shares of the company's stock, valued at $251,839.55. This trade represents a 41.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $85.96, for a total value of $774,413.64. Following the transaction, the director directly owned 998 shares in the company, valued at approximately $85,788.08. This represents a 90.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,241,228 shares of company stock valued at $110,649,702. Company insiders own 32.38% of the company's stock.

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.