Blueshift Asset Management LLC Buys New Position in Rubrik, Inc. (NYSE:RBRK)

Blueshift Asset Management LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,887 shares of the company’s stock, valued at approximately $319,000.

Several other hedge funds also recently modified their holdings of RBRK. Wealthcare Advisory Partners LLC grew its position in Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares in the last quarter. KBC Group NV grew its holdings in shares of Rubrik by 19.1% during the 4th 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 position in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Rubrik in the third quarter valued at $25,000. Finally, Hamilton Lane Advisors LLC raised its stake in shares of Rubrik by 3.0% in the fourth quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock valued at $2,224,000 after purchasing an additional 980 shares in the last quarter. 49.54% of the stock is owned by institutional investors.

Rubrik Trading Down 2.9 %

Shares of NYSE RBRK opened at $68.15 on Friday. The firm has a market capitalization of $12.62 billion and a PE ratio of -4.95. The firm’s 50-day moving average is $68.82 and its 200-day moving average is $54.74. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00.

Rubrik (NYSE:RBRK) last issued its 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 business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period last year, the firm earned ($1.59) EPS. The business’s revenue was up 47.5% on a year-over-year basis. As a group, equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Rubrik

In related news, CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $68.03, for a total transaction of $122,454.00. Following the sale, the chief financial officer now owns 343,774 shares of the company’s stock, valued at approximately $23,386,945.22. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the transaction, the director now directly owns 153 shares of the company’s stock, valued at approximately $11,828.43. The trade was a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 621,254 shares of company stock valued at $41,195,389.

Analyst Upgrades and Downgrades

RBRK has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Rubrik from $83.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, March 14th. BMO Capital Markets upped their target price on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Robert W. Baird cut their price target on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, March 12th. Finally, Truist Financial raised their target price on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $70.00.

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.