Green Alpha Advisors LLC Boosts Stake in Rubrik, Inc. (NYSE:RBRK)

Green Alpha Advisors LLC grew its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 53.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,114 shares of the company's stock after purchasing an additional 2,824 shares during the quarter. Green Alpha Advisors LLC's holdings in Rubrik were worth $495,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in shares of Rubrik by 204.1% during the first quarter. Rhumbline Advisers now owns 2,980 shares of the company's stock valued at $182,000 after purchasing an additional 2,000 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Rubrik by 22.1% during the 4th quarter. California State Teachers Retirement System now owns 56,279 shares of the company's stock valued at $3,678,000 after acquiring an additional 10,191 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Rubrik in the fourth quarter worth $115,000. PharVision Advisers LLC acquired a new stake in shares of Rubrik in the fourth quarter worth $202,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock worth $43,610,000 after buying an additional 418,457 shares during the period. 49.54% of the stock is owned by institutional investors.

Rubrik Trading Up 1.8%

Shares of NYSE RBRK traded up $1.75 during mid-day trading on Thursday, hitting $100.29. The company had a trading volume of 2,703,267 shares, compared to its average volume of 2,120,046. The company has a market capitalization of $19.03 billion and a PE ratio of -7.28. The firm has a 50-day simple moving average of $73.82 and a two-hundred day simple moving average of $68.50. Rubrik, Inc. has a one year low of $28.34 and a one year high of $101.76.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. The firm's revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the business earned ($1.59) EPS. Sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler cut their price objective on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Guggenheim reaffirmed a "buy" rating and set a $105.00 price objective (up from $80.00) on shares of Rubrik in a report on Wednesday, May 28th. Robert W. Baird reduced their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and upped their target price for the company from $75.00 to $86.00 in a research report on Thursday, May 15th. Finally, Wedbush upped their target price on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $77.69.

Insider Activity

In other Rubrik news, CFO Kiran Kumar Choudary sold 87,971 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the sale, the chief financial officer now owns 413,458 shares in the company, valued at approximately $28,958,598.32. This trade represents a 17.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 2,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $72.24, for a total transaction of $144,480.00. Following the completion of the sale, the director now owns 153 shares of the company's stock, valued at approximately $11,052.72. This trade represents a 92.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 565,648 shares of company stock worth $40,797,785. 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.