Deutsche Bank AG Makes New $12.65 Million Investment in Rubrik, Inc. (NYSE:RBRK)

Deutsche Bank AG bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 193,507 shares of the company’s stock, valued at approximately $12,648,000. Deutsche Bank AG owned about 0.10% of Rubrik at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBRK. Norges Bank bought a new position in shares of Rubrik during the 4th quarter worth about $277,395,000. Vanguard Group Inc. increased its holdings in shares of Rubrik by 114.1% during the 4th quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock worth $413,610,000 after purchasing an additional 3,372,323 shares during the period. FMR LLC increased its holdings in shares of 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 purchasing an additional 2,065,444 shares during the period. Bank of America Corp DE increased its holdings in shares of Rubrik by 1,305.1% during the 4th quarter. Bank of America Corp DE now owns 1,116,804 shares of the company’s stock worth $72,994,000 after purchasing an additional 1,037,319 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Rubrik during the 4th quarter worth about $64,530,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on RBRK shares. Guggenheim boosted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. William Blair assumed coverage on shares of Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating on the stock. Mizuho cut shares of Rubrik from an “outperform” rating to a “neutral” rating and upped their target price for the company from $75.00 to $86.00 in a research note on Thursday. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Wednesday, March 12th. Finally, BMO Capital Markets upped their target price on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price of $71.05.

Insider Activity at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.15, for a total transaction of $1,578,750.00. Following the completion of the sale, the executive now owns 356,043 shares of the company’s stock, valued at $22,484,115.45. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 87,971 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the sale, the chief financial officer now directly owns 413,458 shares of the company’s stock, valued at $28,958,598.32. This represents a 17.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 594,617 shares of company stock worth $40,386,273 over the last ninety days.

Rubrik Trading Up 0.8%

Shares of RBRK stock opened at $85.25 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $86.00. The firm’s 50 day moving average is $66.44 and its 200-day moving average is $63.70. The firm has a market capitalization of $16.18 billion and a price-to-earnings ratio of -6.19.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same quarter last year, the firm earned ($1.59) EPS. The company’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.