Alpha DNA Investment Management LLC Cuts Stake in Rubrik, Inc. (NYSE:RBRK)

Alpha DNA Investment Management LLC decreased its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 51.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,229 shares of the company's stock after selling 6,545 shares during the quarter. Alpha DNA Investment Management LLC's holdings in Rubrik were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new stake in shares of Rubrik during the fourth quarter worth about $62,000. EAM Global Investors LLC purchased a new position in Rubrik during the 4th quarter worth approximately $4,743,000. EAM Investors LLC acquired a new position in Rubrik during the fourth quarter worth approximately $4,567,000. Jump Financial LLC purchased a new stake in Rubrik in the fourth quarter valued at approximately $5,677,000. Finally, Walleye Capital LLC boosted its holdings in shares of Rubrik by 185.3% in the fourth quarter. Walleye Capital LLC now owns 137,515 shares of the company's stock valued at $8,988,000 after acquiring an additional 89,316 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,485 shares of the company's stock in a transaction dated 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 completion of the sale, the chief technology officer now directly owns 219,279 shares in the company, valued at $16,413,033.15. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 87,971 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 413,458 shares of the company's stock, valued at $28,958,598.32. The trade was a 17.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 515,619 shares of company stock worth $34,167,897 over the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on RBRK shares. Wedbush upped their price target on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Robert W. Baird reduced their target price on shares of Rubrik from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Piper Sandler dropped their price target on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Finally, Citigroup boosted their target price on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $68.83.

Rubrik Price Performance

Rubrik stock traded up $4.06 during trading hours on Wednesday, hitting $65.95. The stock had a trading volume of 1,372,614 shares, compared to its average volume of 2,053,216. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The stock has a market capitalization of $12.52 billion and a price-to-earnings ratio of -4.79. The stock's fifty day moving average is $63.67 and its two-hundred day moving average is $59.58.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) 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 analyst estimates of $233.13 million. Rubrik's revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.59) EPS. As a group, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

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.