Voleon Capital Management LP Makes New $8.08 Million Investment in Rubrik, Inc. (NYSE:RBRK)

Voleon Capital Management LP bought a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,578 shares of the company's stock, valued at approximately $8,077,000. Voleon Capital Management LP owned about 0.07% of Rubrik at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RBRK. Wealthcare Advisory Partners LLC grew its holdings in Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock worth $683,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. bought a new stake in Rubrik in the 4th quarter valued at about $28,000. KBC Group NV increased its position in Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after buying an additional 430 shares in the last quarter. Global Retirement Partners LLC raised its stake 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 buying an additional 500 shares during the period. Finally, Nemes Rush Group LLC bought a new position in Rubrik in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Trading Up 3.1 %

Shares of RBRK traded up $2.21 during mid-day trading on Friday, reaching $73.32. 2,331,743 shares of the stock traded hands, compared to its average volume of 1,966,164. The company has a market cap of $13.91 billion and a price-to-earnings ratio of -5.32. The firm has a fifty day moving average price of $63.23 and a 200 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.

Rubrik (NYSE:RBRK - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. Rubrik's revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.59) EPS. On average, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Buying and Selling

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $70.94, for a total value of $1,773,500.00. Following the completion of the sale, the executive now directly owns 381,043 shares of the company's stock, valued at $27,031,190.42. The trade was a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.04, for a total value of $1,690,467.36. Following the transaction, the chief technology officer now directly owns 186,795 shares in the company, valued at $9,720,811.80. This trade represents a 14.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 573,128 shares of company stock worth $38,238,360.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RBRK. Rosenblatt Securities raised shares of Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a research report on Wednesday, March 12th. William Blair initiated coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. BMO Capital Markets raised their price target on shares of Rubrik from $72.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. UBS Group reissued a "buy" rating on shares of Rubrik in a report on Tuesday. Finally, Wedbush lifted their target price on Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Rubrik currently has an average rating of "Buy" and a consensus target price of $68.83.

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.