PDT Partners LLC Increases Stock Position in Rubrik, Inc. (NYSE:RBRK)

PDT Partners LLC boosted its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,516 shares of the company's stock after buying an additional 4,516 shares during the quarter. PDT Partners LLC's holdings in Rubrik were worth $3,629,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RBRK. Renaissance Capital LLC boosted its holdings in shares of 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 purchasing an additional 12,714 shares during the period. FMR LLC raised its stake in shares of Rubrik by 172.6% in the 4th quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after acquiring an additional 2,065,444 shares in the last quarter. US Bancorp DE raised its position in shares of Rubrik by 1,329.9% in the fourth quarter. US Bancorp DE now owns 19,547 shares of the company's stock valued at $1,278,000 after purchasing an additional 18,180 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Rubrik in the fourth quarter worth $11,462,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Rubrik by 434.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 335,238 shares of the company's stock worth $21,911,000 after buying an additional 272,482 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Trading Up 3.1 %

RBRK stock traded up $2.21 during midday trading on Friday, hitting $73.32. The stock had a trading volume of 2,331,743 shares, compared to its average volume of 1,966,163. The business has a fifty day moving average price of $63.23 and a two-hundred day moving average price of $61.23. 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 P/E ratio of -5.32.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share 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. During the same period in the prior year, the company earned ($1.59) EPS. The firm's quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RBRK shares. Citigroup boosted their price objective on Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. William Blair started coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating for the company. Wedbush increased their price objective on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. BMO Capital Markets boosted their target price on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th. Finally, Guggenheim increased their price target on shares of Rubrik from $76.00 to $80.00 and gave the company 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 stock presently has an average rating of "Buy" and an average price target of $68.83.

Insider Buying and Selling

In related news, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $71.45, for a total value of $643,693.05. Following the completion of the sale, the director now owns 998 shares of the company's stock, valued at approximately $71,307.10. This trade represents a 90.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 87,971 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84. Following the sale, the chief financial officer now owns 413,458 shares in the company, valued at approximately $28,958,598.32. The trade was a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 573,128 shares of company stock worth $38,238,360.

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.