2 weeks Ago By Defense World Staff
Cerity Partners LLC purchased a new stake in Rubrik, Inc. ( NYSE:RBRK – Free Report ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,196 shares of the company’s stock, valued at approximately $209,000.
Several other hedge funds have also recently modified their holdings of the business. Wealthcare Advisory Partners LLC raised its stake in Rubrik by 3.0% in the fourth quarter.
Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Rubrik in the 4th quarter valued at $28,000.
KBC Group NV raised its position in shares of Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after acquiring an additional 430 shares in the last quarter.
Global Retirement Partners LLC lifted its stake in shares of Rubrik by 8,333.3% during the 4th 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.
Finally, Nemes Rush Group LLC bought a new stake in Rubrik during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.
Wall Street Analyst Weigh In A number of equities analysts have commented on RBRK shares. Wells Fargo & Company increased their price target on shares of Rubrik from $76.00 to $80.
00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, March 12th.
Piper Sandler cut their price target 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.
Cantor Fitzgerald reiterated an “overweight” rating and set a $85.00 price objective on shares of Rubrik in a report on Friday, March 14th. Finally, Robert W.
Baird dropped their target price on Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 12th.
Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $68.83.
Rubrik Stock Up 3.9 % Shares of Rubrik stock opened at $68.11 on Friday.
Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.
00. The firm has a market cap of $12.93 billion and a PE ratio of -4.
94. The business has a 50-day moving average price of $63.24 and a 200 day moving average price of $59.
86. Rubrik ( NYSE:RBRK – Get Free Report ) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.
61) earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company earned ($1.59) EPS. The business’s revenue for the quarter was up 47.
5% compared to the same quarter last year. On average, sell-side analysts expect that Rubrik, Inc. will post -7.
66 EPS for the current year. Insider Buying and Selling at Rubrik In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.
31, for a total transaction of $193,275.00. Following the sale, the director now directly owns 153 shares in the company, valued at $11,828.
43. This represents a 94.23 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CTO Arvind Nithrakashyap sold 32,485 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $74.
85, for a total transaction of $2,431,502.25. Following the completion of the transaction, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $16,413,033.
15. The trade was a 12.90 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 515,619 shares of company stock valued at $34,167,897 over the last 90 days. About Rubrik ( Free Report ) 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. Read More Five stocks we like better than Rubrik What Are the FAANG Stocks and Are They Good Investments? 2 Strong Utilities Plays With Booming Earnings and Room to Grow Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Why Smart Investors Don’t Panic in Election Season 10 Best Airline Stocks to Buy Now Is the Time to Buy ServiceNow—The Rebound Is Real Want to see what other hedge funds are holding RBRK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Rubrik, Inc. ( NYSE:RBRK – Free Report ). Receive News & Ratings for Rubrik Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rubrik and related companies with MarketBeat.
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