Rubrik, Inc. (NYSE:RBRK) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,156,035 shares of the company's stock after buying an additional 662,914 shares during the period. First Trust Advisors LP owned 1.70% of Rubrik worth $206,278,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RBRK. Russell Investments Group Ltd. acquired a new position in Rubrik in the 4th quarter valued at about $28,000. Global Retirement Partners LLC boosted its position in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after buying an additional 500 shares during the period. Nemes Rush Group LLC acquired a new position in shares of Rubrik in the fourth quarter worth $39,000. NewEdge Advisors LLC purchased a new stake in shares of Rubrik during the fourth quarter worth $62,000. Finally, Rhumbline Advisers acquired a new stake in shares of Rubrik in the fourth quarter valued at $64,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of analyst reports. KeyCorp lowered their price objective on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald reiterated an "overweight" rating and set a $85.00 target price on shares of Rubrik in a research note on Friday, March 14th. William Blair started coverage on Rubrik in a research note on Friday, February 7th. They issued a "market perform" rating on the stock. Finally, BMO Capital Markets upped their price objective on Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $68.83.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 32,485 shares of Rubrik stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares in the company, valued at $15,535,917.15. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00. Following the transaction, the director now directly owns 153 shares in the company, valued at $11,828.43. The trade was a 94.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 515,619 shares of company stock worth $34,167,897.

Rubrik Stock Performance

Rubrik stock traded up $2.46 during mid-day trading on Thursday, reaching $68.01. 777,732 shares of the company were exchanged, compared to its average volume of 2,055,222. The firm has a market cap of $12.91 billion and a PE ratio of -4.94. The firm's 50-day simple moving average is $63.43 and its two-hundred day simple moving average is $59.62. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. The business's quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.59) EPS. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current 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.