Graham Capital Management L.P. Acquires New Holdings in Rubrik, Inc. (NYSE:RBRK)

Graham Capital Management L.P. acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,724 shares of the company’s stock, valued at approximately $2,008,000.

Several other institutional investors also recently bought and sold shares of RBRK. Russell Investments Group Ltd. purchased a new position in Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC grew its holdings in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Nemes Rush Group LLC purchased a new position in Rubrik in the fourth quarter worth $39,000. Quarry LP purchased a new position in Rubrik in the fourth quarter worth $48,000. Finally, CoreCap Advisors LLC purchased a new position in Rubrik in the fourth quarter worth $59,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rubrik 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 completion of the transaction, the chief financial officer now owns 413,458 shares in the company, valued at approximately $28,958,598.32. This represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Brian K. Mccarthy sold 85,001 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $70.04, for a total transaction of $5,953,470.04. Following the completion of the transaction, the executive now owns 433,909 shares of the company’s stock, valued at approximately $30,390,986.36. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 546,117 shares of company stock worth $36,491,888.

Rubrik Price Performance

NYSE RBRK opened at $76.87 on Monday. The company has a market capitalization of $14.59 billion and a PE ratio of -5.58. The company has a fifty day moving average of $64.44 and a 200 day moving average of $62.83. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $81.80.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a report on Tuesday, April 29th. Guggenheim lifted their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Wedbush lifted their price target on shares of Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Citigroup lifted their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Rubrik in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $68.83.

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.