Two Sigma Advisers LP Takes Position in Rubrik, Inc. (NYSE:RBRK)

Two Sigma Advisers LP purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 286,000 shares of the company's stock, valued at approximately $18,693,000. Two Sigma Advisers LP owned about 0.15% of Rubrik at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RBRK. Perpetual Ltd purchased a new stake in Rubrik in the 4th quarter valued at about $281,000. Geneos Wealth Management Inc. bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $70,000. Stablepoint Partners LLC purchased a new stake in shares of Rubrik in the fourth quarter valued at approximately $788,000. PFG Investments LLC bought a new position in Rubrik in the fourth quarter worth approximately $239,000. Finally, KBC Group NV grew its stake in Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after purchasing an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Down 1.4%

Shares of RBRK opened at $87.72 on Thursday. The company has a 50 day moving average of $68.68 and a two-hundred day moving average of $64.95. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $90.00. The company has a market cap of $16.65 billion and a price-to-earnings ratio of -6.37.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. During the same period last year, the firm earned ($1.59) earnings per share. Rubrik's quarterly revenue was up 47.5% on a year-over-year basis. On average, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on RBRK. UBS Group reissued a "buy" rating on shares of Rubrik in a research report on Tuesday, April 29th. Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. Robert W. Baird cut their target price on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Guggenheim upped their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Finally, William Blair assumed coverage on shares of Rubrik in a research note on Friday, February 7th. They set a "market perform" rating on the stock. Three research 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 MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and a consensus target price of $76.13.

Insiders Place Their Bets

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,485 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.77, for a total transaction of $2,071,568.45. Following the transaction, the chief technology officer now owns 219,279 shares in the company, valued at approximately $13,983,421.83. This represents a 12.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 87,971 shares of Rubrik stock in a transaction on Friday, March 21st. The stock was sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the sale, the chief financial officer now owns 413,458 shares of the company's stock, valued at $28,958,598.32. The trade was a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 592,117 shares of company stock valued at $40,192,998.

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.

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