LMR Partners LLP Purchases 215,442 Shares of Rubrik, Inc. (NYSE:RBRK)

LMR Partners LLP raised its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 726.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 245,098 shares of the company’s stock after buying an additional 215,442 shares during the period. LMR Partners LLP’s holdings in Rubrik were worth $16,020,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC increased its holdings 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 during the last quarter. Nemes Rush Group LLC purchased a new stake in Rubrik in the 4th quarter worth $39,000. Quarry LP bought a new position in shares of Rubrik during the 4th quarter valued at about $48,000. Finally, CoreCap Advisors LLC purchased a new position in Rubrik during the 4th quarter valued at approximately $59,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at $11,828.43. This trade represents a 94.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Arvind Nithrakashyap sold 32,484 shares of Rubrik 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 completion of the transaction, the chief technology officer now owns 186,795 shares of the company’s stock, valued at $9,720,811.80. The trade was a 14.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 546,117 shares of company stock worth $36,491,888 in the last three months.

Rubrik Stock Up 0.4%

NYSE RBRK opened at $76.87 on Monday. The business’s fifty day simple moving average is $64.44 and its 200-day simple moving average is $62.83. The firm has a market cap of $14.59 billion and a PE ratio of -5.58. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $81.88.

Rubrik (NYSE:RBRK) last posted its earnings results 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 business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same quarter last year, the firm earned ($1.59) EPS. Rubrik’s revenue was up 47.5% compared to the same quarter last year. Research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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 report on Wednesday, March 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $85.00 price target on shares of Rubrik in a research report on Friday, March 14th. Piper Sandler dropped their target price on Rubrik from $87.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. 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, Wells Fargo & Company raised their target price on shares of Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of “Buy” and an average price target 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.