Capital Fund Management S.A. Makes New $2.45 Million Investment in Rubrik, Inc. (NYSE:RBRK)

Capital Fund Management S.A. acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,551 shares of the company’s stock, valued at approximately $2,454,000.

A number of other large investors have also recently made changes to their positions in RBRK. Renaissance Capital LLC raised its stake in Rubrik by 21.2% in the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after acquiring an additional 12,714 shares during the last quarter. US Bancorp DE boosted its position in Rubrik by 1,329.9% in the fourth quarter. US Bancorp DE now owns 19,547 shares of the company’s stock valued at $1,278,000 after buying an additional 18,180 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Rubrik in the 4th quarter worth approximately $11,462,000. FMR LLC raised its position in Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after buying an additional 2,065,444 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Rubrik by 434.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 335,238 shares of the company’s stock valued at $21,911,000 after acquiring an additional 272,482 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the sale, the director now owns 153 shares of the company’s stock, valued at approximately $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $66.52, for a total transaction of $119,736.00. Following the sale, the chief financial officer now owns 341,374 shares of the company’s stock, valued at approximately $22,708,198.48. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 504,706 shares of company stock valued at $33,500,418.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Guggenheim increased their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday, March 12th. Robert W. Baird decreased their price objective on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. William Blair assumed coverage on shares of Rubrik in a research note on Friday, February 7th. They set a “market perform” rating on the stock. Finally, KeyCorp cut their price objective on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $69.17.

Rubrik Stock Up 1.6 %

Shares of RBRK opened at $59.96 on Tuesday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The stock has a market cap of $11.38 billion and a PE ratio of -4.35. The firm’s fifty day moving average is $65.40 and its two-hundred day moving average is $58.53.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data 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 company had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period in the previous year, the company posted ($1.59) earnings per share. The company’s quarterly revenue was up 47.5% compared to the same quarter last year. As a group, research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

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.