CoreCap Advisors LLC Buys New Stake in Rubrik, Inc. (NYSE:RBRK)

CoreCap Advisors LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 900 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors also recently bought and sold shares of RBRK. Wealthcare Advisory Partners LLC grew its stake in shares of Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after buying an additional 300 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Rubrik in the 4th quarter worth $28,000. KBC Group NV grew its stake in shares of Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after buying an additional 430 shares in the last quarter. Global Retirement Partners LLC grew 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 worth $33,000 after buying an additional 500 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new position in shares of Rubrik in the 4th quarter worth $39,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total value of $124,060.00. Following the completion of the sale, the chief financial officer now owns 614,798 shares of the company’s stock, valued at approximately $38,135,919.94. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the company’s 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 sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at $13,983,421.83. The trade was a 12.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 546,117 shares of company stock valued at $36,491,888.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of recent research reports. KeyCorp dropped their price objective on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Robert W. Baird dropped their price objective on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. BMO Capital Markets lifted their price target on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 price target on shares of Rubrik in a research note on Friday, March 14th. Finally, Wells Fargo & Company lifted their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $68.83.

Rubrik Price Performance

Shares of RBRK opened at $84.10 on Thursday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $84.65. The company has a 50-day moving average of $65.77 and a 200 day moving average of $63.39. The firm has a market capitalization of $15.96 billion and a price-to-earnings ratio of -6.10.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data 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 company had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period last year, the firm earned ($1.59) EPS. Rubrik’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal 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.