Voya Investment Management LLC Decreases Position in Rubrik, Inc. (NYSE:RBRK)

Voya Investment Management LLC reduced its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,953,935 shares of the company's stock after selling 82,480 shares during the period. Voya Investment Management LLC owned approximately 1.05% of Rubrik worth $127,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RBRK. Norges Bank bought a new stake in Rubrik in the fourth quarter worth $277,395,000. Vanguard Group Inc. raised its stake in Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company's stock valued at $413,610,000 after buying an additional 3,372,323 shares during the last quarter. FMR LLC raised its stake in Rubrik by 172.6% during the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after buying an additional 2,065,444 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Rubrik in the fourth quarter worth $64,530,000. Finally, First Trust Advisors LP raised its stake in shares of Rubrik by 26.6% in the fourth quarter. First Trust Advisors LP now owns 3,156,035 shares of the company's stock worth $206,278,000 after purchasing an additional 662,914 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Yvonne Wassenaar sold 2,500 shares of the company'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 value of $193,275.00. Following the sale, the director now owns 153 shares in the company, valued at $11,828.43. This represents a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,484 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.04, for a total transaction of $1,690,467.36. Following the sale, 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 515,619 shares of company stock worth $34,167,897.

Rubrik Stock Up 2.1 %

Shares of RBRK stock traded up $1.46 on Tuesday, hitting $71.22. The stock had a trading volume of 928,525 shares, compared to its average volume of 1,980,905. The business has a 50 day moving average price of $62.98 and a 200 day moving average price of $60.64. The company has a market cap of $13.52 billion and a PE ratio of -5.16. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00.

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 company had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. Rubrik's quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.59) EPS. Equities research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of research reports. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price objective for the company in a research report on Wednesday, March 12th. Citigroup boosted their price target on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. Robert W. Baird cut their price target on 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 objective on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research note on Tuesday. Two 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. Based on data from MarketBeat, Rubrik has an average rating of "Buy" and an average 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.