26,364 Shares in Rubrik, Inc. (NYSE:RBRK) Purchased by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,364 shares of the company's stock, valued at approximately $1,723,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RBRK. Wealthcare Advisory Partners LLC grew 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 purchasing an additional 300 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Rubrik during the fourth quarter valued at approximately $28,000. KBC Group NV lifted its holdings in Rubrik by 19.1% during the fourth 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 boosted its position in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new stake in Rubrik during the 4th quarter valued at $39,000. Institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

RBRK has been the topic of a number of analyst reports. William Blair assumed coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating on the stock. Piper Sandler decreased their price objective on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Cantor Fitzgerald restated an "overweight" rating and set a $85.00 target price on shares of Rubrik in a research note on Friday, March 14th. BMO Capital Markets lifted their target price on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, March 14th. Finally, Guggenheim raised their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Two investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $68.83.

Rubrik Price Performance

Shares of NYSE:RBRK traded up $2.19 during mid-day trading on Friday, reaching $73.30. 1,392,255 shares of the company were exchanged, compared to its average volume of 1,958,221. The firm's 50-day simple moving average is $63.05 and its 200 day simple moving average is $60.99. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The firm has a market cap of $13.91 billion and a price-to-earnings ratio of -5.32.

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 analysts' consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million for the quarter, compared to analysts' expectations of $233.13 million. During the same period in the prior year, the business earned ($1.59) EPS. The business's quarterly revenue was up 47.5% on a year-over-year basis. On average, research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Arvind Nithrakashyap sold 32,484 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.04, for a total transaction of $1,690,467.36. Following the completion of the sale, the chief technology officer now owns 186,795 shares in the company, valued at $9,720,811.80. This represents a 14.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $62.03, for a total transaction of $124,060.00. Following the sale, the chief financial officer now owns 614,798 shares of the company's stock, valued at $38,135,919.94. This trade represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 515,619 shares of company stock worth $34,167,897 in the last 90 days.

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.