2 weeks Ago By Defense World Staff
Wells Fargo & Company MN boosted its position in Rubrik, Inc. (NYSE:RBRK – Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 85,829 shares of the company’s stock after purchasing an additional 15,106 shares during the quarter. Wells Fargo & Company MN’s holdings in Rubrik were worth $5,610,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBRK.
Global Retirement Partners LLC raised its holdings in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the last quarter.
Nemes Rush Group LLC bought a new stake in Rubrik during the 4th quarter valued at $39,000. Rhumbline Advisers bought a new stake in Rubrik during the 4th quarter valued at $64,000. Geneos Wealth Management Inc.
acquired a new position in Rubrik during the 4th quarter worth $70,000. Finally, KBC Group NV grew its stake in shares of Rubrik by 19.1% in the fourth quarter.
KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after purchasing an additional 430 shares in the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.
Insider ActivityIn other news, CFO Kiran Kumar Choudary sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total transaction of $124,060.
00. Following the transaction, the chief financial officer now owns 614,798 shares in the company, valued at $38,135,919.94.
This represents a 0.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Also, CTO Arvind Nithrakashyap sold 32,485 shares of Rubrik stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.
25. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $15,535,917.15.
The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here.
Insiders have sold a total of 515,619 shares of company stock worth $34,167,897 in the last ninety days. Rubrik Price PerformanceRubrik stock opened at $61.48 on Friday.
The company has a market cap of $11.67 billion and a P/E ratio of -4.46.
Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.
00. The firm’s 50 day simple moving average is $64.37 and its 200-day simple moving average is $59.
19. Rubrik (NYSE:RBRK – Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.
61) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the business posted ($1.59) earnings per share. The firm’s revenue for the quarter was up 47.
5% on a year-over-year basis. On average, analysts expect that Rubrik, Inc. will post -7.
66 EPS for the current fiscal year. Analyst Ratings ChangesRBRK has been the topic of a number of recent analyst reports. William Blair initiated coverage on shares of Rubrik in a research note on Friday, February 7th.
They set a “market perform” rating on the stock. Wedbush boosted their price target on shares of Rubrik from $75.00 to $80.
00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Wells Fargo & Company increased their price objective on shares of Rubrik from $76.00 to $80.
00 and gave the company an “overweight” rating in a report on Friday, March 14th. 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 report on Wednesday, March 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $85.
00 target price on shares of Rubrik in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the stock has an average rating of “Buy” and an average price target of $68.83.Get Our Latest Stock Report on RBRKRubrik Profile (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 MoreFive stocks we like better than RubrikShould You Invest in Penny Stocks?J.
B. Hunt Transport Overcorrects Into a Buying OpportunityA Deeper Look at Bid-Ask SpreadsAppLovin: Can Record Profits Overcome Market Skepticism?Retail Stocks Investing, ExplainedMarketBeat Week in Review – 04/14 – 04/18Want 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)..
