Vanguard Group Inc. Grows Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Vanguard Group Inc. grew its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 114.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,328,184 shares of the company’s stock after acquiring an additional 3,372,323 shares during the period. Vanguard Group Inc. owned 3.42% of Rubrik worth $413,610,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Rubrik by 134.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company’s stock worth $10,462,000 after purchasing an additional 186,485 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Rubrik in the third quarter valued at approximately $265,000. BNP Paribas Financial Markets purchased a new position in Rubrik during the third quarter valued at approximately $336,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Rubrik during the 3rd quarter worth approximately $323,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Rubrik by 24.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after purchasing an additional 49,372 shares in the last quarter. 49.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the transaction, the director now owns 153 shares of the company’s stock, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $60.22, for a total transaction of $1,505,500.00. Following the completion of the sale, the executive now directly owns 579,217 shares in the company, valued at $34,880,447.74. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 824,635 shares of company stock valued at $55,117,349 in the last 90 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RBRK shares. Guggenheim lifted their price objective on Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Wedbush upped their price objective 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. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Wednesday, March 12th. BMO Capital Markets raised their price objective on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. Finally, Wells Fargo & Company upped their target price on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $70.00.

Rubrik Stock Up 3.3 %

NYSE:RBRK opened at $62.44 on Thursday. The firm has a market capitalization of $11.85 billion and a P/E ratio of -4.53. The company has a fifty day moving average of $68.56 and a 200 day moving average of $56.82. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data 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 analysts’ expectations of $233.13 million. The company’s revenue was up 47.5% on a year-over-year basis. During the same period last year, the business posted ($1.59) earnings per share. As a group, analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

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.