20,000 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,000 shares of the company's stock, valued at approximately $1,307,000.

Several other large investors have also recently made changes to their positions in the stock. Renaissance Capital LLC lifted its position in Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock worth $4,757,000 after buying an additional 12,714 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Rubrik by 2,899.7% during the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock worth $20,508,000 after purchasing an additional 303,305 shares in the last quarter. FMR LLC increased its stake in shares of Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock worth $213,199,000 after buying an additional 2,065,444 shares during the period. US Bancorp DE boosted its position in shares of Rubrik by 1,329.9% during the 4th quarter. US Bancorp DE now owns 19,547 shares of the company's stock worth $1,278,000 after acquiring an additional 18,180 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Rubrik in the fourth quarter valued at approximately $11,462,000. 49.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RBRK shares. KeyCorp decreased their price target on Rubrik from $82.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company increased 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. Rosenblatt Securities raised 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. William Blair started coverage on Rubrik in a research note on Friday, February 7th. They issued a "market perform" rating on the stock. Finally, Piper Sandler dropped their target price on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $71.05.

Insider Activity

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $80.01, for a total value of $2,000,250.00. Following the transaction, the executive now owns 529,584 shares in the company, valued at $42,372,015.84. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the transaction, the director now 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 ninety days, insiders sold 594,617 shares of company stock worth $40,386,273.

Rubrik Stock Down 0.1%

Shares of Rubrik stock traded down $0.08 on Monday, hitting $85.23. The stock had a trading volume of 1,014,048 shares, compared to its average volume of 2,033,687. The stock has a market cap of $16.17 billion and a price-to-earnings ratio of -6.18. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $87.50. The business's 50 day moving average is $67.07 and its two-hundred day moving average is $64.30.

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

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.