Toronto Dominion Bank Buys Shares of 25,007 Rubrik, Inc. (NYSE:RBRK)

Toronto Dominion Bank acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,007 shares of the company's stock, valued at approximately $1,634,000.

A number of other large investors have also added to or reduced their stakes in RBRK. Russell Investments Group Ltd. bought a new position in Rubrik in the 4th quarter valued at approximately $28,000. Global Retirement Partners LLC raised its holdings in 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 during the last quarter. Nemes Rush Group LLC bought a new position in Rubrik in the 4th quarter valued at approximately $39,000. Point72 Hong Kong Ltd bought a new position in Rubrik in the 4th quarter valued at approximately $47,000. Finally, Quarry LP bought a new position in Rubrik in the 4th quarter valued at approximately $48,000. Institutional investors own 49.54% of the company's stock.

Rubrik Price Performance

NYSE:RBRK traded down $0.24 on Wednesday, reaching $94.61. 1,292,820 shares of the company's stock were exchanged, compared to its average volume of 2,401,120. The firm has a market cap of $17.95 billion and a price-to-earnings ratio of -6.87. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $95.90. The stock has a fifty day simple moving average of $70.46 and a 200-day simple moving average of $66.47.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. The firm's revenue for the quarter was up 47.5% on a year-over-year basis. During the same period in the previous year, the company earned ($1.59) EPS. As a group, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Lightspeed Management Company, sold 13,213 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total value of $832,154.74. Following the completion of the transaction, the insider now directly owns 21,221 shares in the company, valued at approximately $1,336,498.58. This trade represents a 38.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $52.04, for a total transaction of $1,690,467.36. Following the completion of the transaction, the chief technology officer now owns 186,795 shares of the company's stock, valued at $9,720,811.80. This trade represents a 14.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 627,117 shares of company stock worth $43,346,198 over the last quarter. 32.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of research reports. William Blair initiated coverage on shares of Rubrik in a report on Friday, February 7th. They issued a "market perform" rating for the company. Wedbush raised their price objective on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. BMO Capital Markets raised their price objective on shares of Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, March 14th. Robert W. Baird lowered their price target 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, Roth Capital started coverage on shares of Rubrik in a report on Thursday, May 15th. They set a "buy" rating and a $97.00 price target for the company. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Rubrik has a consensus rating of "Moderate Buy" and a consensus target price of $77.69.

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.