BIT Capital GmbH Has $997,000 Stock Position in Rubrik, Inc. (NYSE:RBRK)

BIT Capital GmbH reduced its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 96.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,248 shares of the company’s stock after selling 484,458 shares during the quarter. BIT Capital GmbH’s holdings in Rubrik were worth $997,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Guggenheim upped their target price on shares of Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Piper Sandler increased their target price on Rubrik from $83.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. William Blair assumed coverage on Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating on the stock. Robert W. Baird lowered their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Finally, Barclays lifted their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Two investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $70.00.

Insiders Place Their Bets

In related news, CRO Brian K. Mccarthy sold 65,517 shares of Rubrik stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $66.06, for a total transaction of $4,328,053.02. Following the completion of the sale, the executive now directly owns 406,043 shares of the company’s stock, valued at $26,823,200.58. The trade was a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $68.03, for a total value of $122,454.00. Following the completion of the sale, the chief financial officer now owns 343,774 shares of the company’s stock, valued at $23,386,945.22. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 794,226 shares of company stock valued at $53,310,348.

Rubrik Price Performance

RBRK stock opened at $68.46 on Thursday. The company has a 50 day moving average price of $69.21 and a 200 day moving average price of $55.74. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The stock has a market capitalization of $12.68 billion and a PE ratio of -4.97.

Rubrik (NYSE:RBRK) last released its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The firm’s revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.59) EPS. As a group, equities analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal 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.