Melqart Asset Management UK Ltd Has $17.87 Million Holdings in Rubrik, Inc. (NYSE:RBRK)

Melqart Asset Management UK Ltd decreased its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 37.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 273,338 shares of the company's stock after selling 165,728 shares during the quarter. Rubrik accounts for about 2.2% of Melqart Asset Management UK Ltd's portfolio, making the stock its 15th largest position. Melqart Asset Management UK Ltd owned approximately 0.15% of Rubrik worth $17,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC increased its holdings in shares of Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after acquiring an additional 300 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the 4th quarter valued at approximately $28,000. KBC Group NV increased its stake in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after purchasing an additional 430 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Rubrik by 8,333.3% during 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 bought a new position in Rubrik in the fourth quarter valued at approximately $39,000. Institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

RBRK traded up $2.19 on Friday, reaching $73.30. The company had a trading volume of 1,392,255 shares, compared to its average volume of 1,958,221. The company's fifty day moving average is $63.05 and its 200 day moving average is $60.99. The stock has a market cap of $13.91 billion and a P/E ratio of -5.32. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

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

Insiders Place Their Bets

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.94, for a total transaction of $1,773,500.00. Following the sale, the executive now directly owns 381,043 shares in the company, valued at $27,031,190.42. This represents a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total transaction of $124,060.00. Following the completion of the transaction, the chief financial officer now owns 614,798 shares of the company's stock, valued at $38,135,919.94. The trade was a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 515,619 shares of company stock worth $34,167,897 in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RBRK shares. Guggenheim upped their price objective on Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Robert W. Baird decreased their price target on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. BMO Capital Markets increased their target price on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. Rosenblatt Securities upgraded shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target on the stock in a research note on Wednesday, March 12th. Finally, Piper Sandler reduced their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of "Buy" and an average price target of $68.83.

About Rubrik

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.