Trexquant Investment LP Invests $25.96 Million in Rubrik, Inc. (NYSE:RBRK)

Trexquant Investment LP acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 397,209 shares of the company’s stock, valued at approximately $25,962,000. Trexquant Investment LP owned approximately 0.21% of Rubrik at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Rubrik by 114.1% in the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock worth $413,610,000 after buying an additional 3,372,323 shares in the last quarter. Norges Bank bought a new position in shares of Rubrik during the 4th quarter valued at approximately $277,395,000. JPMorgan Chase & Co. grew its stake in shares of Rubrik by 27.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company’s stock valued at $129,359,000 after acquiring an additional 427,149 shares during the period. Point72 Asset Management L.P. purchased a new stake in Rubrik in the 3rd quarter worth approximately $42,247,000. Finally, PointState Capital LP bought a new stake in Rubrik during the 3rd quarter worth approximately $40,466,000. 49.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on RBRK. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Barclays boosted their price objective on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Truist Financial increased their target price on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Wedbush boosted their price target on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Finally, Guggenheim increased their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $70.00.

Rubrik Trading Down 4.2 %

Shares of RBRK opened at $60.96 on Tuesday. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The company’s fifty day simple moving average is $68.95 and its 200-day simple moving average is $56.57. The company has a market cap of $11.29 billion and a P/E ratio of -4.42.

Rubrik (NYSE:RBRK) last announced 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 business had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. Rubrik’s revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.59) earnings per share. Analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In related news, CRO Brian K. Mccarthy sold 85,001 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $5,953,470.04. Following the completion of the sale, the executive now owns 433,909 shares in the company, valued at approximately $30,390,986.36. The trade was a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the transaction, the director now owns 153 shares in the company, valued at $10,342.80. The trade was a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 792,426 shares of company stock worth $53,187,894 in the last quarter.

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.