Rubrik, Inc. (NYSE:RBRK) Position Increased by Stablepoint Partners LLC

Stablepoint Partners LLC boosted its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 45.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,595 shares of the company's stock after buying an additional 5,533 shares during the quarter. Stablepoint Partners LLC's holdings in Rubrik were worth $1,073,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RBRK. Russell Investments Group Ltd. acquired a new stake in Rubrik during the 4th quarter worth about $28,000. Global Retirement Partners LLC increased its position in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Rubrik during the fourth quarter valued at approximately $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Rubrik in the 4th quarter valued at approximately $47,000. Finally, Quarry LP purchased a new stake in shares of Rubrik in the 4th quarter valued at approximately $48,000. Institutional investors own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

RBRK has been the topic of several recent analyst reports. William Blair began coverage on shares of Rubrik in a research note on Friday, February 7th. They set a "market perform" rating on the stock. Guggenheim lifted their price target on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday. Rosenblatt Securities upped their price target on Rubrik from $82.00 to $110.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company raised their price objective on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Wedbush reaffirmed an "outperform" rating and set a $120.00 target price (up previously from $80.00) on shares of Rubrik in a research note on Friday. Three investment 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.81.

Rubrik Stock Down 0.5%

RBRK stock opened at $98.03 on Friday. The firm has a 50 day moving average of $75.32 and a two-hundred day moving average of $69.25. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $103.00. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of -34.64 and a beta of 0.87.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data 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. The firm's revenue for the quarter was up 48.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.58) EPS. On average, research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Transactions at Rubrik

In other news, Director Yvonne Wassenaar sold 3,000 shares of Rubrik stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total value of $210,090.00. Following the transaction, the director now owns 153 shares of the company's stock, valued at $10,714.59. This trade represents a 95.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.04, for a total transaction of $1,690,467.36. Following the completion of the sale, the chief technology officer now owns 186,795 shares of the company's stock, valued at $9,720,811.80. The trade was a 14.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 632,609 shares of company stock worth $47,450,968. 32.38% of the stock is owned by corporate 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.

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