EFG Asset Management North America Corp. Has $2.58 Million Position in Rubrik, Inc. $RBRK

Key Points

• EFG Asset Management North America Corp. reduced its holdings in Rubrik, Inc. by 35.6%, now owning 42,252 shares valued at approximately $2.575 million.
• Analyst ratings show a mix of sentiment with 15 ratings as Buy and three as Hold, with a consensus price target of $100.38.
• Rubrik's latest earnings report indicated a revenue of $278.48 million, a 48.7% increase year-over-year, along with a reported EPS of ($0.15).

EFG Asset Management North America Corp. lessened its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,252 shares of the company's stock after selling 23,365 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Rubrik were worth $2,575,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new position in Rubrik in the 4th quarter valued at approximately $85,331,000. Green Alpha Advisors LLC increased its stake in Rubrik by 53.4% in the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock valued at $495,000 after buying an additional 2,824 shares during the period. BNP Paribas Financial Markets increased its stake in Rubrik by 2,899.7% in the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock valued at $20,508,000 after buying an additional 303,305 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Rubrik by 168.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after buying an additional 418,457 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Rubrik by 14.0% in the 4th quarter. Ameriprise Financial Inc. now owns 29,213 shares of the company's stock valued at $1,909,000 after buying an additional 3,593 shares during the period. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on RBRK. Mizuho lowered shares of Rubrik from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $75.00 to $86.00 in a research note on Thursday, May 15th. Truist Financial lifted their price objective on shares of Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, June 6th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price objective (up previously from $77.00) on shares of Rubrik in a research note on Friday, June 6th. Wall Street Zen lowered shares of Rubrik from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.38.

Rubrik Price Performance

NYSE:RBRK traded up $4.30 during midday trading on Friday, reaching $90.85. The stock had a trading volume of 2,917,547 shares, compared to its average volume of 2,057,461. Rubrik, Inc. has a 1-year low of $29.18 and a 1-year high of $103.00. The firm's fifty day simple moving average is $87.76 and its 200-day simple moving average is $78.96. The stock has a market capitalization of $17.58 billion, a P/E ratio of -32.10 and a beta of 0.43.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same quarter in the previous year, the business posted ($1.58) earnings per share. The business's quarterly revenue was up 48.7% compared to the same quarter last year. On average, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In other news, Director Yvonne Wassenaar sold 2,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total transaction of $176,420.00. Following the completion of the transaction, the director owned 2,855 shares of the company's stock, valued at approximately $251,839.55. This represents a 41.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $87.83, for a total transaction of $791,260.47. Following the transaction, the director directly owned 998 shares of the company's stock, valued at $87,654.34. This represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 914,086 shares of company stock valued at $82,614,503. 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.