4,887 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, Holdings Channel reports. The fund acquired 4,887 shares of the company’s stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik in the third quarter valued at about $25,000. Global Retirement Partners LLC lifted its stake in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Rhumbline Advisers bought a new stake in Rubrik in the 4th quarter valued at approximately $64,000. Geneos Wealth Management Inc. acquired a new position in Rubrik during the 4th quarter worth approximately $70,000. Finally, KBC Group NV bought a new position in shares of Rubrik during the 3rd quarter worth approximately $72,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In other news, CTO Arvind Nithrakashyap sold 227,596 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $64.89, for a total transaction of $14,768,704.44. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares in the company, valued at approximately $14,229,014.31. This represents a 50.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 3,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $70.03, for a total value of $210,090.00. Following the sale, the director now directly owns 153 shares in the company, valued at approximately $10,714.59. This trade represents a 95.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 621,254 shares of company stock valued at $41,195,389 in the last quarter.

Rubrik Trading Down 2.9 %

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

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same period in the prior year, the company earned ($1.59) earnings per share. The business’s quarterly revenue was up 47.5% on a year-over-year basis. Analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on RBRK. Truist Financial increased their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Rosenblatt Securities upgraded shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday, March 12th. William Blair assumed coverage on Rubrik in a research report on Friday, February 7th. They issued a “market perform” rating on the stock. KeyCorp reduced their price target on Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Finally, Wedbush boosted their price target on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $70.00.

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.