Swiss National Bank Buys 25,300 Shares of Rubrik, Inc. (NYSE:RBRK)

Swiss National Bank raised its stake in Rubrik, Inc. (NYSE:RBRK) by 24.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 128,400 shares of the company’s stock after acquiring an additional 25,300 shares during the period. Swiss National Bank’s holdings in Rubrik were worth $8,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its holdings in shares of Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after acquiring an additional 300 shares during the period. KBC Group NV lifted its holdings in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after purchasing an additional 430 shares during the last quarter. Global Retirement Partners LLC increased its position in 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 acquiring an additional 500 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Rubrik in the 3rd quarter valued at about $25,000. Finally, Hamilton Lane Advisors LLC increased its position in Rubrik by 3.0% in 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 in the last quarter. 49.54% of the stock is owned by institutional investors.

Insider Activity at Rubrik

In related news, CTO Arvind Nithrakashyap sold 32,499 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $67.66, for a total value of $2,198,882.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $67.06, for a total value of $1,676,500.00. Following the completion of the sale, the executive now owns 321,560 shares of the company’s stock, valued at approximately $21,563,813.60. This trade represents a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 621,254 shares of company stock worth $41,195,389.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Rosenblatt Securities upgraded shares of Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, March 12th. Truist Financial upped their target price on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Mizuho lifted their target price on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price target on shares of Rubrik in a research note on Friday, March 14th. Finally, Citigroup lifted their target price on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Two equities 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $70.00.

Rubrik Stock Down 2.9 %

Shares of NYSE:RBRK opened at $68.15 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The stock has a market cap of $12.62 billion and a PE ratio of -4.95. The business has a 50 day moving average of $68.82 and a 200-day moving average of $54.74.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data 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 firm had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same period in the previous year, the company posted ($1.59) EPS. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. Equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current 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.