900 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 900 shares of the company’s stock, valued at approximately $59,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Rubrik by 114.1% during the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock valued at $413,610,000 after purchasing an additional 3,372,323 shares in the last quarter. Norges Bank acquired a new position in Rubrik during the 4th quarter valued at approximately $277,395,000. FMR LLC increased its stake in Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock valued at $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. First Trust Advisors LP increased its stake in Rubrik by 26.6% during the 4th quarter. First Trust Advisors LP now owns 3,156,035 shares of the company’s stock valued at $206,278,000 after purchasing an additional 662,914 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Rubrik by 27.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company’s stock valued at $129,359,000 after purchasing an additional 427,149 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $84.10 on Thursday. The company’s fifty day moving average price is $65.77 and its 200 day moving average price is $63.39. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $84.65. The company has a market capitalization of $15.96 billion and a PE ratio of -6.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. During the same quarter in the previous year, the business earned ($1.59) earnings per share. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RBRK. Robert W. Baird cut their price target on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 price target on shares of Rubrik in a research note on Friday, March 14th. Guggenheim upped their price target on shares of Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a report on Tuesday, April 29th. Finally, Piper Sandler dropped their price objective on shares of Rubrik from $87.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $68.83.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00. Following the transaction, the director now directly owns 153 shares of the company’s stock, valued at $11,828.43. This trade represents a 94.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Lightspeed Management Company, sold 13,213 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total transaction of $832,154.74. Following the transaction, the insider now directly owns 21,221 shares in the company, valued at approximately $1,336,498.58. The trade was a 38.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 546,117 shares of company stock valued at $36,491,888 over the last ninety days.

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.