Roger Wittlin Investment Advisory LLC Takes Position in Rubrik, Inc. (NYSE:RBRK)

Roger Wittlin Investment Advisory LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,300 shares of the company’s stock, valued at approximately $346,000.

A number of other large investors have also bought and sold shares of RBRK. Global Retirement Partners LLC increased 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 acquiring an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in Rubrik in 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 fourth quarter worth $70,000. Finally, KBC Group NV lifted 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 valued at $175,000 after buying an additional 430 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the transaction, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $62.60, for a total transaction of $112,680.00. Following the completion of the sale, the chief financial officer now directly owns 342,174 shares in the company, valued at $21,420,092.40. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 824,635 shares of company stock valued at $55,117,349 in the last 90 days.

Rubrik Trading Up 3.3 %

Shares of Rubrik stock opened at $62.44 on Thursday. The company’s 50-day moving average price is $68.56 and its 200-day moving average price is $56.82. The company has a market cap of $11.85 billion and a price-to-earnings ratio of -4.53. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00.

Rubrik (NYSE:RBRK) last posted 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 analyst estimates of $233.13 million. Rubrik’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.59) EPS. On average, sell-side analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Mizuho raised their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. William Blair started coverage on shares of Rubrik in a report on Friday, February 7th. They issued a “market perform” rating for the company. Piper Sandler upped their price objective on shares of Rubrik from $83.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Finally, Wedbush upped their target price on Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 14th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rubrik has an average rating of “Buy” and a consensus target price of $70.00.

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.