14,048 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 14,048 shares of Rubrik, Inc. valued at approximately $857,000 in the 1st quarter, as disclosed in a recent SEC filing.
• Analysts have raised their target prices for Rubrik, with several brokerages giving it a "buy" or "outperform" rating, and the consensus target price now stands at $100.38.
• Despite posting a quarterly EPS of (-$0.15), Rubrik's revenue increased by 48.7% year-over-year, reaching $278.48 million, surpassing expectations.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,048 shares of the company's stock, valued at approximately $857,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in shares of Rubrik during the fourth quarter valued at approximately $28,000. Point72 Hong Kong Ltd purchased a new stake in shares of Rubrik during the fourth quarter valued at $47,000. Quarry LP bought a new position in Rubrik in the fourth quarter valued at about $48,000. CoreCap Advisors LLC bought a new position in shares of Rubrik in the fourth quarter worth about $59,000. Finally, NewEdge Advisors LLC bought a new position in shares of Rubrik in the fourth quarter worth about $62,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Trading Up 4.7%

Shares of NYSE RBRK traded up $4.10 during trading hours on Wednesday, reaching $91.64. The stock had a trading volume of 2,064,957 shares, compared to its average volume of 3,051,900. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of -32.38 and a beta of 0.45. Rubrik, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $103.00. The firm has a 50-day moving average of $89.82 and a 200-day moving average of $76.77.

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

Analysts Set New Price Targets

RBRK has been the subject of a number of research reports. Robert W. Baird increased their target price on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. UBS Group restated a "buy" rating on shares of Rubrik in a research note on Friday, June 6th. CIBC raised their price objective on Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research report on Monday, June 9th. Wall Street Zen raised Rubrik from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Wedbush raised their price target on Rubrik from $80.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Insider Transactions at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $98.20, for a total transaction of $2,455,000.00. Following the transaction, the executive owned 479,584 shares in the company, valued at $47,095,148.80. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Enrique T. Salem sold 700,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $91.09, for a total value of $63,763,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,125,047 shares of company stock valued at $102,701,034. Company insiders own 32.38% of the company's stock.

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.