Rubrik, Inc. (NYSE:RBRK) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 157.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,986 shares of the company's stock after purchasing an additional 18,957 shares during the period. Barclays PLC's holdings in Rubrik were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Rubrik during the fourth quarter worth approximately $28,000. Global Retirement Partners LLC lifted its position in shares of 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 buying an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in Rubrik in the 4th quarter valued at $39,000. Rhumbline Advisers purchased a new stake in Rubrik in the 4th quarter worth $64,000. Finally, Geneos Wealth Management Inc. acquired a new position in Rubrik during the fourth quarter worth $70,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rubrik

In related news, CFO Kiran Kumar Choudary sold 87,971 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the transaction, the chief financial officer now directly owns 413,458 shares of the company's stock, valued at $28,958,598.32. This represents a 17.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the sale, the chief technology officer now directly owns 219,279 shares in the company, valued at approximately $16,413,033.15. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 515,619 shares of company stock valued at $34,167,897.

Rubrik Price Performance

RBRK opened at $71.18 on Friday. The business has a fifty day moving average price of $63.05 and a 200 day moving average price of $60.99. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock has a market capitalization of $13.51 billion and a price-to-earnings ratio of -5.17.

Rubrik (NYSE:RBRK - Get Free Report) last announced 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 firm had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. The business's quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the company posted ($1.59) earnings per share. On average, research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on RBRK. Piper Sandler cut their target price 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. William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating for the company. Robert W. Baird lowered their price target on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald reissued an "overweight" rating and issued a $85.00 price objective on shares of Rubrik in a research note on Friday, March 14th. Finally, UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Rubrik currently has a consensus rating of "Buy" and a consensus target price of $68.83.

Rubrik Company 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.

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