Vestor Capital LLC Takes $3.69 Million Position in Rubrik, Inc. (NYSE:RBRK)

Vestor Capital LLC bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 56,406 shares of the company’s stock, valued at approximately $3,687,000.

A number of other large investors have also recently made changes to their positions in the stock. Champlain Investment Partners LLC purchased a new stake in shares of Rubrik during the third quarter valued at $44,418,000. Point72 Asset Management L.P. purchased a new stake in shares of Rubrik during the third quarter valued at $42,247,000. PointState Capital LP purchased a new stake in shares of Rubrik during the third quarter valued at $40,466,000. Institutional Venture Management XV LLC boosted its stake in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after purchasing an additional 1,131,360 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of Rubrik during the third quarter valued at $35,359,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Down 2.9 %

RBRK opened at $68.15 on Friday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The company has a market cap of $12.62 billion and a P/E ratio of -4.95. The firm’s 50-day moving average price is $68.82 and its 200-day moving average price is $54.74.

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

Insider Buying and Selling

In related news, CRO Brian K. Mccarthy sold 65,517 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $66.06, for a total value of $4,328,053.02. Following the transaction, the executive now owns 406,043 shares in the company, valued at approximately $26,823,200.58. This represents a 13.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $68.03, for a total transaction of $122,454.00. Following the completion of the transaction, the chief financial officer now owns 343,774 shares in the company, valued at approximately $23,386,945.22. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 621,254 shares of company stock worth $41,195,389.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RBRK shares. Rosenblatt Securities raised shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Wednesday, March 12th. William Blair started coverage on shares of Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating for the company. Barclays upped their price objective on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. BMO Capital Markets upped their price objective 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. Finally, Robert W. Baird lowered 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. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $70.00.

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.