Two Sigma Investments LP Buys 635,049 Shares of Rubrik, Inc. (NYSE:RBRK)

Two Sigma Investments LP boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 4,440.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,349 shares of the company's stock after acquiring an additional 635,049 shares during the period. Two Sigma Investments LP owned 0.35% of Rubrik worth $42,441,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBRK. Russell Investments Group Ltd. acquired a new position in Rubrik in the fourth quarter valued at about $28,000. Global Retirement Partners LLC raised its position in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after buying an additional 500 shares in the last quarter. Nemes Rush Group LLC bought a new stake in shares of Rubrik during the 4th quarter worth approximately $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Rubrik during the 4th quarter worth approximately $47,000. Finally, Quarry LP bought a new position in Rubrik in the fourth quarter valued at approximately $48,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 3,000 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $70.03, for a total transaction of $210,090.00. Following the sale, the director now owns 153 shares of the company's stock, valued at approximately $10,714.59. This represents a 95.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 87,971 shares of Rubrik stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the transaction, the chief financial officer now directly owns 413,458 shares of the company's stock, valued at approximately $28,958,598.32. This trade represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 592,117 shares of company stock worth $40,192,998 over the last ninety days. 32.38% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Guggenheim lifted their price target on Rubrik from $76.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Rosenblatt Securities raised Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a research note on Wednesday, March 12th. BMO Capital Markets boosted their target price on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, March 14th. Robert W. Baird dropped their target price on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Finally, William Blair started coverage on shares of Rubrik in a report on Friday, February 7th. They set a "market perform" rating on the stock. 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. According to data from MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.13.

Rubrik Stock Up 1.4%

Shares of RBRK stock traded up $1.28 during trading hours on Friday, hitting $92.39. 1,818,941 shares of the company's stock traded hands, compared to its average volume of 2,059,509. The stock has a market cap of $17.53 billion and a PE ratio of -6.70. The stock's 50 day simple moving average is $69.53 and its 200 day simple moving average is $65.64. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $93.42.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results 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 company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. The firm's revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.59) earnings per share. As a group, equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

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.