Washington Harbour Partners LP Buys Shares of 64,800 Rubrik, Inc. (NYSE:RBRK)

Washington Harbour Partners LP purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 64,800 shares of the company's stock, valued at approximately $4,235,000. Rubrik comprises approximately 7.9% of Washington Harbour Partners LP's holdings, making the stock its largest position.

A number of other hedge funds have also recently added to or reduced their stakes in RBRK. Wealthcare Advisory Partners LLC boosted its stake in Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after buying an additional 300 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Rubrik by 2.2% in the 4th quarter. Diversify Wealth Management LLC now owns 57,499 shares of the company's stock valued at $3,649,000 after purchasing an additional 1,249 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Rubrik in the 4th quarter valued at about $281,000. Geneos Wealth Management Inc. acquired a new position in shares of Rubrik in the 4th quarter valued at about $70,000. Finally, Stablepoint Partners LLC acquired a new position in shares of Rubrik in the 4th quarter valued at about $788,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Capital assumed coverage on Rubrik in a research note on Thursday, May 15th. They issued a "buy" rating and a $97.00 price objective on the stock. Cantor Fitzgerald lifted their price objective on Rubrik from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Mizuho lowered Rubrik from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from $75.00 to $86.00 in a research note on Thursday, May 15th. Wells Fargo & Company lifted 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. Finally, Wedbush lifted their price objective on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.13.

Insider Transactions at Rubrik

In related news, Director Yvonne Wassenaar sold 3,000 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $70.03, for a total transaction of $210,090.00. Following the transaction, the director now directly owns 153 shares of the company's stock, valued at approximately $10,714.59. The trade was a 95.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.15, for a total value of $1,578,750.00. Following the transaction, the executive now directly owns 356,043 shares in the company, valued at $22,484,115.45. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 592,117 shares of company stock valued at $40,192,998 over the last three months. Company insiders own 32.38% of the company's stock.

Rubrik Stock Up 1.4%

RBRK stock traded up $1.28 during trading on Friday, reaching $92.39. 1,818,941 shares of the company's stock were exchanged, compared to its average volume of 2,065,870. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $93.11. The company's fifty day moving average price is $69.53 and its 200-day moving average price is $65.79. The firm has a market cap of $17.53 billion and a PE ratio of -6.70.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. The firm's revenue for the quarter was up 47.5% on a year-over-year basis. During the same period last year, the business posted ($1.59) EPS. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.