Deutsche Bank AG Invests $12.65 Million in Rubrik, Inc. (NYSE:RBRK)

Deutsche Bank AG bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 193,507 shares of the company’s stock, valued at approximately $12,648,000.

A number of other hedge funds also recently modified their holdings of RBRK. Barclays PLC lifted its stake in shares of Rubrik by 140.6% during the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after buying an additional 7,029 shares during the last quarter. Hamilton Lane Advisors LLC lifted its stake in shares of Rubrik by 3.0% during the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock worth $2,224,000 after buying an additional 980 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares during the last quarter. Shikiar Asset Management Inc. acquired a new stake in shares of Rubrik during the 4th quarter worth about $203,000. Finally, Jackson Square Capital LLC acquired a new stake in shares of Rubrik during the 4th quarter worth about $411,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Performance

Shares of RBRK opened at $85.25 on Friday. The firm has a market cap of $16.18 billion and a price-to-earnings ratio of -6.19. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $86.00. The firm has a 50 day moving average price of $66.44 and a 200-day moving average price of $63.70.

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 company 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 posted ($1.59) earnings per share. The firm’s revenue for the quarter was up 47.5% compared to the same quarter last year. As a group, equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Ratings Changes

RBRK has been the subject of a number of research reports. Rosenblatt Securities upgraded shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald lifted their price objective on shares of Rubrik from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup lifted their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. William Blair assumed coverage on shares of Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating for the company. Finally, Roth Capital assumed coverage on shares of Rubrik in a research note on Thursday. They issued a “buy” rating and a $97.00 price objective for the company. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.05.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 87,971 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $70.04, for a total value of $6,161,488.84. Following the sale, the chief financial officer now directly owns 413,458 shares of the company’s stock, valued at $28,958,598.32. This represents a 17.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $80.01, for a total transaction of $2,000,250.00. Following the completion of the sale, the executive now directly owns 529,584 shares in the company, valued at $42,372,015.84. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 594,617 shares of company stock valued at $40,386,273.

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.