1,305,558 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,305,558 shares of the company’s stock, valued at approximately $85,331,000.

A number of other institutional investors and hedge funds have also modified their holdings of RBRK. Washington Harbour Partners LP acquired a new position in Rubrik during the fourth quarter valued at approximately $4,235,000. Two Sigma Advisers LP acquired a new position in Rubrik during the fourth quarter valued at approximately $18,693,000. Two Sigma Investments LP grew its holdings in Rubrik by 4,440.9% during the fourth quarter. Two Sigma Investments LP now owns 649,349 shares of the company’s stock valued at $42,441,000 after purchasing an additional 635,049 shares during the period. Toronto Dominion Bank acquired a new position in Rubrik during the fourth quarter valued at approximately $1,634,000. Finally, Scientech Research LLC acquired a new position in Rubrik during the fourth quarter valued at approximately $1,236,000. 49.54% of the stock is owned by institutional investors.

Rubrik Trading Up 1.5%

Shares of RBRK opened at $86.62 on Tuesday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $87.50. The firm has a fifty day simple moving average of $67.66 and a 200 day simple moving average of $64.62. The stock has a market capitalization of $16.44 billion and a price-to-earnings ratio of -6.29.

Rubrik (NYSE:RBRK) last announced its earnings results 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 for the quarter, compared to analyst estimates of $233.13 million. During the same period last year, the firm earned ($1.59) EPS. The company’s revenue was up 47.5% compared to the same quarter last year. As a group, research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,484 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.04, for a total transaction of $1,690,467.36. Following the sale, the chief technology officer now directly owns 186,795 shares of the company’s stock, valued at approximately $9,720,811.80. This represents a 14.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $60.19, for a total transaction of $542,251.71. Following the sale, the director now directly owns 998 shares in the company, valued at $60,069.62. This trade represents a 90.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 592,117 shares of company stock worth $40,192,998.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald boosted their price objective on shares of Rubrik from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Mizuho cut shares of Rubrik from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $86.00 in a report on Thursday, May 15th. Guggenheim boosted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Wells Fargo & Company boosted their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Finally, KeyCorp decreased their price objective on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $71.05.

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.