Y Intercept Hong Kong Ltd Buys Shares of 22,566 Rubrik, Inc. (NYSE:RBRK)

Y Intercept Hong Kong Ltd purchased a new position in Rubrik, Inc. (NYSE:RBRK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,566 shares of the company’s stock, valued at approximately $1,376,000.

Other large investors have also made changes to their positions in the company. Voloridge Investment Management LLC purchased a new stake in shares of Rubrik in the 4th quarter valued at $85,331,000. Green Alpha Advisors LLC grew its position in shares of Rubrik by 53.4% during the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company’s stock valued at $495,000 after acquiring an additional 2,824 shares during the period. BNP Paribas Financial Markets boosted its position in Rubrik by 2,899.7% during the fourth quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company’s stock worth $20,508,000 after purchasing an additional 303,305 shares in the last quarter. FMR LLC grew its holdings in Rubrik by 172.6% in the fourth 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company’s stock valued at $43,610,000 after buying an additional 418,457 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Up 1.0%

NYSE:RBRK opened at $84.58 on Thursday. Rubrik, Inc. has a 52 week low of $28.60 and a 52 week high of $103.00. The company has a market cap of $16.37 billion, a PE ratio of -29.89 and a beta of 0.46. The business’s 50 day moving average is $89.78 and its two-hundred day moving average is $75.13.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same quarter in the previous year, the firm earned ($1.58) earnings per share. The business’s revenue was up 48.7% on a year-over-year basis. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wedbush upped their price objective on Rubrik from $80.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. Truist Financial raised their price objective on shares of Rubrik from $90.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 6th. Robert W. Baird boosted their price objective on shares of Rubrik from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Rosenblatt Securities upped their target price on Rubrik from $82.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Finally, BMO Capital Markets restated an “outperform” rating and set a $110.00 target price (up from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average target price of $100.38.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,500 shares of the business’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $87.54, for a total value of $306,390.00. Following the sale, the chief financial officer directly owned 521,595 shares in the company, valued at approximately $45,660,426.30. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ravi Mhatre sold 16,984 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the sale, the director owned 81,842 shares in the company, valued at $7,322,403.74. The trade was a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,229,515 shares of company stock worth $109,999,877 in the last three months. Insiders own 32.38% of the company’s stock.

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.