Rubrik, Inc. (NYSE:RBRK) Stock Holdings Lowered by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,624 shares of the company's stock after selling 10,409 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.14% of Rubrik worth $15,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RBRK. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rubrik by 24.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 406,581 shares of the company's stock worth $26,574,000 after acquiring an additional 81,161 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Rubrik in the fourth quarter valued at $464,000. Raymond James Financial Inc. purchased a new position in Rubrik in the 4th quarter valued at about $11,462,000. Amundi acquired a new stake in shares of Rubrik during the fourth quarter valued at about $2,329,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Rubrik by 82.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,359 shares of the company's stock valued at $1,200,000 after purchasing an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RBRK shares. Cantor Fitzgerald boosted their target price on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Oppenheimer restated a "market perform" rating on shares of Rubrik in a research note on Friday, June 6th. Mizuho lowered Rubrik from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Wells Fargo & Company boosted their price target on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Finally, Wedbush raised their price objective on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rubrik presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 9,009 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $85.96, for a total value of $774,413.64. Following the completion of the sale, the director directly owned 998 shares of the company's stock, valued at approximately $85,788.08. This represents a 90.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $87.54, for a total transaction of $306,390.00. Following the transaction, the chief financial officer owned 521,595 shares in the company, valued at $45,660,426.30. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,244,728 shares of company stock valued at $110,956,092. Corporate insiders own 32.38% of the company's stock.

Rubrik Stock Performance

Shares of RBRK traded up $1.20 during mid-day trading on Monday, reaching $85.74. 2,621,201 shares of the company's stock traded hands, compared to its average volume of 3,025,617. The business's 50-day moving average price is $88.46 and its 200-day moving average price is $74.22. The stock has a market capitalization of $16.59 billion, a P/E ratio of -30.30 and a beta of 0.46. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00.

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