Schonfeld Strategic Advisors LLC Acquires Shares of 111,300 Rubrik, Inc. (NYSE:RBRK)

Schonfeld Strategic Advisors LLC acquired a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 111,300 shares of the company's stock, valued at approximately $7,275,000. Schonfeld Strategic Advisors LLC owned 0.06% of Rubrik at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RBRK. Wealthcare Advisory Partners LLC boosted its position in Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik in the fourth quarter valued at approximately $28,000. KBC Group NV grew its stake in Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company's stock worth $175,000 after purchasing an additional 430 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the period. 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.

Analysts Set New Price Targets

Several research firms recently weighed in on RBRK. 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. William Blair began coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a "market perform" rating for the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $85.00 price objective on shares of Rubrik in a research note on Friday, March 14th. BMO Capital Markets boosted their price objective 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, KeyCorp cut their price target on Rubrik from $82.00 to $76.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $68.83.

Rubrik Stock Performance

RBRK stock traded up $1.17 during midday trading on Monday, reaching $74.50. The stock had a trading volume of 3,931,235 shares, compared to its average volume of 1,977,690. The firm has a fifty day simple moving average of $63.23 and a two-hundred day simple moving average of $61.54. The stock has a market cap of $14.14 billion and a PE ratio of -5.41. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00.

Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.61) 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 analysts' expectations of $233.13 million. During the same quarter in the prior year, the company posted ($1.59) EPS. The firm's revenue was up 47.5% compared to the same quarter last year. On average, sell-side analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Activity at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $71.44, for a total value of $1,786,000.00. Following the completion of the transaction, the executive now directly owns 554,217 shares of the company's stock, valued at approximately $39,593,262.48. The trade was a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm'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 transaction of $193,275.00. Following the sale, the director now directly 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. Insiders sold 506,634 shares of company stock worth $33,523,839 over the last three months.

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.