Quantessence Capital LLC Purchases New Holdings in Rubrik, Inc. (NYSE:RBRK)

Quantessence Capital LLC purchased a new stake in Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 12,171 shares of the company’s stock, valued at approximately $795,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Rubrik in the fourth quarter valued at $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 stake in shares of Rubrik in the 4th quarter worth about $39,000. NewEdge Advisors LLC acquired a new stake in shares of Rubrik during the 4th quarter worth about $62,000. Finally, Rhumbline Advisers bought a new position in Rubrik during the 4th quarter valued at about $64,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Trading Down 3.4 %

Shares of RBRK opened at $59.51 on Tuesday. The company has a market cap of $11.29 billion and a price-to-earnings ratio of -4.32. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The company’s fifty day simple moving average is $64.01 and its 200 day simple moving average is $59.56.

Rubrik (NYSE:RBRK) last issued its quarterly 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 company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. Rubrik’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.59) earnings per share. As a group, research analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Transactions at Rubrik

In other Rubrik news, major shareholder Lightspeed Management Company, sold 13,213 shares of Rubrik stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $62.98, for a total value of $832,154.74. Following the completion of the sale, the insider now directly owns 21,221 shares in the company, valued at approximately $1,336,498.58. The trade was a 38.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the transaction, the director now owns 153 shares in the company, valued at $11,828.43. The trade was a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 515,619 shares of company stock valued at $34,167,897.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RBRK shares. Guggenheim boosted their target price on Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Citigroup upped their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. BMO Capital Markets upped their target price on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Finally, Wells Fargo & Company raised their price target on shares of Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $68.83.

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.