LMR Partners LLP Raises Holdings in Rubrik, Inc. (NYSE:RBRK)

LMR Partners LLP increased its position in Rubrik, Inc. (NYSE:RBRK) by 726.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 245,098 shares of the company’s stock after acquiring an additional 215,442 shares during the quarter. LMR Partners LLP owned about 0.13% of Rubrik worth $16,020,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Rubrik in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC boosted its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Nemes Rush Group LLC bought a new position in shares of Rubrik during the fourth quarter valued at about $39,000. Quarry LP bought a new position in Rubrik during the 4th quarter worth approximately $48,000. Finally, CoreCap Advisors LLC bought a new stake in Rubrik during the 4th quarter valued at $59,000. 49.54% of the stock is currently owned by institutional investors.

Rubrik Trading Up 0.4%

Rubrik stock opened at $76.87 on Monday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $81.88. The stock has a fifty day simple moving average of $64.44 and a two-hundred day simple moving average of $62.83. The firm has a market cap of $14.59 billion and a price-to-earnings ratio of -5.58.

Rubrik (NYSE:RBRK) last released 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 company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period last year, the firm earned ($1.59) EPS. On average, equities research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBRK has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. UBS Group reiterated a “buy” rating on shares of Rubrik in a report on Tuesday, April 29th. BMO Capital Markets upped their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Guggenheim lifted 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. Finally, Citigroup increased their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $68.83.

Insider Transactions at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.24, for a total transaction of $144,480.00. Following the completion of the sale, the director now directly owns 153 shares of the company’s stock, valued at approximately $11,052.72. This represents a 92.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.77, for a total transaction of $2,071,568.45. Following the completion of the transaction, the chief technology officer now owns 219,279 shares in the company, valued at $13,983,421.83. The trade was a 12.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 546,117 shares of company stock worth $36,491,888 over the last three months.

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.