13,209 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by S&CO Inc.

S&CO Inc. purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,209 shares of the company’s stock, valued at approximately $805,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik in the fourth quarter valued at about $28,000. Nemes Rush Group LLC acquired a new position in Rubrik during the fourth quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new position in Rubrik during the fourth quarter worth about $47,000. Quarry LP acquired a new position in Rubrik during the fourth quarter worth about $48,000. Finally, CoreCap Advisors LLC acquired a new position in Rubrik during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 30,000 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $100.24, for a total value of $3,007,200.00. Following the completion of the transaction, the chief financial officer owned 521,665 shares in the company, valued at approximately $52,291,699.60. This represents a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Enrique T. Salem sold 700,000 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $91.09, for a total transaction of $63,763,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,233,015 shares of company stock worth $110,293,527. Corporate insiders own 32.38% of the company’s stock.

Wall Street Analysts Forecast Growth

RBRK has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of Rubrik from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Rubrik in a research note on Friday, June 6th. Cantor Fitzgerald lifted their target price on shares of Rubrik from $95.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, June 6th. CIBC boosted their price target on shares of Rubrik from $110.00 to $125.00 and gave the company an “outperformer” rating in a research note on Monday, June 9th. Finally, Truist Financial boosted their price target on shares of Rubrik from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average target price of $100.38.

Rubrik Stock Up 2.6%

NYSE RBRK opened at $87.20 on Tuesday. Rubrik, Inc. has a 52 week low of $28.60 and a 52 week high of $103.00. The stock has a market capitalization of $16.87 billion, a PE ratio of -30.81 and a beta of 0.46. The firm has a 50 day moving average of $89.81 and a two-hundred day moving average of $75.80.

Rubrik (NYSE:RBRK) last issued its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analyst estimates of $260.39 million. During the same quarter in the previous year, the company posted ($1.58) EPS. The company’s quarterly revenue was up 48.7% on a year-over-year basis. On average, equities research analysts expect 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.