Voloridge Investment Management LLC Takes Position in Rubrik, Inc. (NYSE:RBRK)

Voloridge Investment Management LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,305,558 shares of the company's stock, valued at approximately $85,331,000. Voloridge Investment Management LLC owned 0.70% of Rubrik at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC boosted its holdings in Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after acquiring an additional 300 shares during the period. Russell Investments Group Ltd. purchased a new stake in Rubrik in the 4th quarter worth approximately $28,000. KBC Group NV lifted its holdings in Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after buying an additional 430 shares during the period. Global Retirement Partners LLC lifted 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 worth $33,000 after buying an additional 500 shares during the period. Finally, Nemes Rush Group LLC purchased a new stake in Rubrik in the 4th quarter worth approximately $39,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Price Performance

RBRK stock traded up $1.28 on Friday, reaching $92.39. 1,818,941 shares of the company traded hands, compared to its average volume of 2,065,870. Rubrik, Inc. has a one year low of $28.34 and a one year high of $93.11. The company has a market cap of $17.53 billion and a P/E ratio of -6.70. The firm has a fifty day simple moving average of $69.53 and a 200-day simple moving average of $65.79.

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 company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same period in the previous year, the business posted ($1.59) earnings per share. The firm's quarterly revenue was up 47.5% compared to the same quarter last year. On average, sell-side analysts forecast 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. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Tuesday, April 29th. BMO Capital Markets increased their price objective on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Guggenheim increased their price objective on Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Robert W. Baird dropped their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Finally, Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and increased their price objective for the stock from $75.00 to $86.00 in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Rubrik has an average rating of "Moderate Buy" and an average target price of $76.13.

Insider Activity at Rubrik

In related news, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.18, for a total transaction of $569,188.62. Following the transaction, the director now directly owns 998 shares in the company, valued at approximately $63,053.64. The trade was a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of Rubrik stock in a transaction 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 transaction, the insider now owns 21,221 shares in the company, valued at $1,336,498.58. This trade represents a 38.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 592,117 shares of company stock valued at $40,192,998 in the last 90 days. Corporate 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.