Rubrik, Inc. (NYSE:RBRK) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Rubrik, Inc. (NYSE:RBRK) by 27.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,979,184 shares of the company’s stock after acquiring an additional 427,149 shares during the quarter. JPMorgan Chase & Co.’s holdings in Rubrik were worth $129,359,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RBRK. Wealthcare Advisory Partners LLC lifted its stake in Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after purchasing an additional 300 shares in the last quarter. KBC Group NV raised its holdings in shares of Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after buying an additional 430 shares during the period. Global Retirement Partners LLC lifted its stake in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Hamilton Lane Advisors LLC boosted its holdings in Rubrik by 3.0% during the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock valued at $2,224,000 after acquiring an additional 980 shares during the period. Finally, Rhumbline Advisers acquired a new position in Rubrik in the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,499 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $67.66, for a total transaction of $2,198,882.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. The trade was a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 817,426 shares of company stock worth $54,693,394 in the last 90 days.

Rubrik Stock Performance

RBRK opened at $60.43 on Wednesday. The stock has a market capitalization of $11.47 billion and a P/E ratio of -4.39. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The business’s 50-day simple moving average is $68.74 and its 200-day simple moving average is $56.78.

Rubrik (NYSE:RBRK) last issued 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 business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The company’s revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.59) EPS. On average, equities research analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. BMO Capital Markets raised their price target on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. Piper Sandler increased their price objective on Rubrik from $83.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a report on Wednesday, March 12th. Finally, KeyCorp cut their price target on Rubrik from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $70.00.

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.