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

Melqart Asset Management UK Ltd decreased its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,338 shares of the company's stock after selling 165,728 shares during the period. Rubrik comprises approximately 2.2% of Melqart Asset Management UK Ltd's holdings, making the stock its 15th largest holding. Melqart Asset Management UK Ltd owned approximately 0.15% of Rubrik worth $17,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthcare Advisory Partners LLC grew its position in Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik in the fourth quarter valued at approximately $28,000. KBC Group NV grew its position in shares of Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after purchasing an additional 430 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new position in Rubrik in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Rubrik Stock Performance

Shares of RBRK stock traded down $0.14 during midday trading on Wednesday, reaching $70.60. 1,297,802 shares of the company were exchanged, compared to its average volume of 1,969,964. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The company has a market cap of $13.40 billion and a P/E ratio of -5.12. The company's 50 day moving average price is $62.98 and its two-hundred day moving average price is $60.77.

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

Analyst Ratings Changes

RBRK has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on Rubrik from $76.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Cantor Fitzgerald reiterated an "overweight" rating and set a $85.00 target price on shares of Rubrik in a research report on Friday, March 14th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a report on Tuesday. William Blair began coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating on the stock. Finally, Guggenheim boosted their target price on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $68.83.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,485 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the completion of the transaction, the chief technology officer now owns 219,279 shares in the company, valued at $16,413,033.15. This trade represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $62.03, for a total value of $124,060.00. Following the sale, the chief financial officer now owns 614,798 shares in the company, valued at approximately $38,135,919.94. This trade represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 515,619 shares of company stock worth $34,167,897.

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.