Universal Beteiligungs und Servicegesellschaft mbH Makes New $857,000 Investment in Rubrik, Inc. (NYSE:RBRK)

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 bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,048 shares of the company's stock, valued at approximately $857,000.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after buying an additional 2,065,444 shares during the period. Voloridge Investment Management LLC acquired a new position in Rubrik in the fourth quarter valued at approximately $85,331,000. Bank of America Corp DE lifted its holdings in Rubrik by 1,305.1% in the fourth quarter. Bank of America Corp DE now owns 1,116,804 shares of the company's stock valued at $72,994,000 after buying an additional 1,037,319 shares during the period. Renaissance Technologies LLC acquired a new position in Rubrik in the fourth quarter valued at approximately $64,530,000. Finally, Teacher Retirement System of Texas acquired a new position in Rubrik in the first quarter valued at approximately $52,092,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Performance

Rubrik stock traded up $5.02 during mid-day trading on Monday, reaching $92.67. The company's stock had a trading volume of 2,417,451 shares, compared to its average volume of 3,575,182. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of -32.75 and a beta of 0.45. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00. The business's 50 day simple moving average is $89.95 and its 200 day simple moving average is $76.52.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on RBRK shares. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Mizuho lowered shares of Rubrik from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 target price (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. Cantor Fitzgerald increased their target price on shares of Rubrik from $95.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Finally, Guggenheim increased their target price on shares of Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.38.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 30,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $100.24, for a total transaction of $3,007,200.00. Following the completion of the sale, the chief financial officer owned 521,665 shares in the company, valued at approximately $52,291,699.60. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm'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 sale, the executive owned 479,584 shares of the company's stock, valued at approximately $47,095,148.80. This represents a 4.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,157,531 shares of company stock worth $105,143,830. Insiders own 32.38% of the company's stock.

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.