Nemes Rush Group LLC Buys Shares of 600 Rubrik, Inc. (NYSE:RBRK)

Nemes Rush Group LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 600 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in shares of Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after acquiring an additional 23,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rubrik in the 3rd quarter worth about $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Rubrik by 24.8% during 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 valued at $7,998,000 after purchasing an additional 49,372 shares during the last quarter. Renaissance Capital LLC increased its stake in Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock valued at $4,757,000 after purchasing an additional 12,714 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Rubrik in the third quarter worth about $336,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RBRK. KeyCorp cut their price target on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Robert W. Baird reduced their target price on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. Wells Fargo & Company upped their price target on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Truist Financial lifted their price objective on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Wedbush upped 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, March 14th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently 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. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The company has a market capitalization of $11.85 billion and a P/E ratio of -4.53. The stock’s 50-day moving average price is $68.56 and its 200-day moving average price is $56.82.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 13th. The company reported ($0.61) EPS 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. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.59) EPS. Research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Buying and Selling

In related news, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total transaction of $542,251.71. Following the sale, the director now owns 998 shares of the company’s stock, valued at approximately $60,069.62. This trade represents a 90.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $62.60, for a total value of $112,680.00. Following the completion of the transaction, the chief financial officer now owns 342,174 shares of the company’s stock, valued at $21,420,092.40. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 824,635 shares of company stock valued at $55,117,349.

Rubrik Company 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.