UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 168.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 667,229 shares of the company's stock after purchasing an additional 418,457 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.36% of Rubrik worth $43,610,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RBRK. Voloridge Investment Management LLC purchased a new stake in Rubrik during the fourth quarter worth about $85,331,000. Renaissance Capital LLC boosted its position in Rubrik by 21.2% in the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock valued at $4,757,000 after buying an additional 12,714 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Rubrik by 2,899.7% in the fourth quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock worth $20,508,000 after acquiring an additional 303,305 shares in the last quarter. FMR LLC grew its stake in Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Rubrik by 1,329.9% in the 4th quarter. US Bancorp DE now owns 19,547 shares of the company's stock valued at $1,278,000 after purchasing an additional 18,180 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of recent analyst reports. KeyCorp decreased their price target on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. UBS Group reiterated a "buy" rating on shares of Rubrik in a research note on Tuesday, April 29th. Wedbush boosted their target price on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, March 14th. William Blair assumed coverage on Rubrik in a research note on Friday, February 7th. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company boosted their price objective on Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.69.

Rubrik Price Performance

Shares of NYSE RBRK traded down $0.64 during trading on Wednesday, hitting $94.21. 1,856,934 shares of the company were exchanged, compared to its average volume of 2,072,810. The firm's fifty day moving average price is $70.46 and its 200 day moving average price is $66.47. The company has a market cap of $17.88 billion and a price-to-earnings ratio of -6.84. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $97.60.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly 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 company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. Rubrik's revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.59) EPS. On average, research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $90.10, for a total value of $2,252,500.00. Following the sale, the executive now directly owns 504,584 shares in the company, valued at $45,463,018.40. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total value of $124,060.00. Following the sale, the chief financial officer now directly owns 614,798 shares in the company, valued at approximately $38,135,919.94. The trade was a 0.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 627,117 shares of company stock valued at $43,346,198. Insiders own 32.38% of the company's stock.

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.