Stephens Investment Management Group LLC Decreases Holdings in Rubrik, Inc. (NYSE:RBRK)

Stephens Investment Management Group LLC lowered its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 257,624 shares of the company's stock after selling 10,409 shares during the quarter. Stephens Investment Management Group LLC owned about 0.14% of Rubrik worth $15,710,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RBRK. Russell Investments Group Ltd. bought a new position in shares of Rubrik in the fourth quarter worth $28,000. Nemes Rush Group LLC bought a new position in shares of Rubrik in the fourth quarter worth $39,000. Point72 Hong Kong Ltd bought a new position in Rubrik in the fourth quarter valued at $47,000. Quarry LP bought a new position in Rubrik in the fourth quarter valued at $48,000. Finally, CoreCap Advisors LLC bought a new position in Rubrik in the fourth quarter valued at $59,000. Institutional investors own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BMO Capital Markets restated an "outperform" rating and set a $110.00 price target (up from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Mizuho lowered shares of Rubrik from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. Wells Fargo & Company raised their target price on shares of Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. Finally, Truist Financial raised their target price 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. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.38.

Insider Buying and Selling at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $90.10, for a total transaction of $2,252,500.00. Following the transaction, the executive owned 504,584 shares in the company, valued at $45,463,018.40. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 30,000 shares of Rubrik stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $100.24, for a total transaction of $3,007,200.00. Following the transaction, the chief financial officer owned 521,665 shares in the company, valued at $52,291,699.60. This represents a 5.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,229,515 shares of company stock worth $109,999,877. 32.38% of the stock is owned by insiders.

Rubrik Trading Down 0.5%

NYSE:RBRK traded down $0.48 during trading hours on Thursday, reaching $87.01. The company had a trading volume of 3,610,741 shares, compared to its average volume of 2,579,672. Rubrik, Inc. has a 52 week low of $28.60 and a 52 week high of $103.00. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of -30.75 and a beta of 0.46. The firm's 50 day moving average price is $89.38 and its 200-day moving average price is $74.65.

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

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.