Rubrik, Inc. (NYSE:RBRK) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 80.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,774 shares of the company's stock after selling 1,060,288 shares during the period. Point72 Asset Management L.P. owned about 0.14% of Rubrik worth $16,587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in Rubrik during the fourth quarter worth about $28,000. Global Retirement Partners LLC increased its position in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the period. Nemes Rush Group LLC purchased a new position in shares of Rubrik during the 4th quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Rubrik in the 4th quarter valued at approximately $47,000. Finally, Quarry LP acquired a new stake in shares of Rubrik in the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 3,500 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $83.81, for a total transaction of $293,335.00. Following the sale, the chief financial officer now owns 565,165 shares in the company, valued at $47,366,478.65. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $80.01, for a total value of $2,000,250.00. Following the completion of the transaction, the executive now owns 529,584 shares of the company's stock, valued at $42,372,015.84. The trade was a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 592,117 shares of company stock worth $40,192,998. Corporate insiders own 32.38% of the company's stock.

Rubrik Price Performance

NYSE:RBRK traded up $1.02 during trading hours on Friday, reaching $92.13. 655,244 shares of the company traded hands, compared to its average volume of 2,050,005. The firm's 50-day moving average is $69.09 and its 200-day moving average is $65.29. The stock has a market cap of $17.48 billion and a P/E ratio of -6.69. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $93.42.

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 firm had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. The firm's quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.59) EPS. As a group, research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Guggenheim increased their price objective on Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Wells Fargo & Company upped their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. William Blair initiated coverage on shares of Rubrik in a report on Friday, February 7th. They issued a "market perform" rating for the company. Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and raised their price objective for the company from $75.00 to $86.00 in a research note on Thursday, May 15th. Finally, Piper Sandler decreased their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued 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 $76.13.

Rubrik Company 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.