Bank of New York Mellon Corp Sells 461 Shares of Rubrik, Inc. (NYSE:RBRK)

Bank of New York Mellon Corp reduced its stake in Rubrik, Inc. (NYSE:RBRK) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,839 shares of the company’s stock after selling 461 shares during the period. Bank of New York Mellon Corp owned 0.06% of Rubrik worth $7,114,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in Rubrik in the third quarter worth about $25,000. Global Retirement Partners LLC raised its position 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 acquiring an additional 500 shares during the period. Rhumbline Advisers bought a new position in Rubrik in the fourth quarter worth approximately $64,000. Geneos Wealth Management Inc. bought a new stake in shares of Rubrik during the 4th quarter valued at $70,000. Finally, KBC Group NV bought a new stake in shares of Rubrik during the 3rd quarter valued at $72,000. 49.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RBRK shares. Wedbush raised their target price on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird dropped their price objective on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday. Truist Financial lifted their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Guggenheim reissued a “buy” rating and issued a $76.00 price objective on shares of Rubrik in a research note on Wednesday, February 26th. Finally, Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $69.78.

Rubrik Trading Up 27.6 %

Shares of RBRK opened at $70.54 on Friday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The company has a 50-day moving average of $68.27 and a 200 day moving average of $53.64.

Rubrik (NYSE:RBRK) last posted its quarterly 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 firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same period in the prior year, the company posted ($1.59) EPS. The business’s quarterly revenue was up 47.5% on a year-over-year basis. Equities research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 3,973 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total value of $287,406.82. Following the sale, the chief financial officer now directly owns 345,374 shares of the company’s stock, valued at $24,984,355.16. This represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at $10,342.80. This trade represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 625,712 shares of company stock worth $41,583,311.

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.