EAM Global Investors LLC Makes New $4.74 Million Investment in Rubrik, Inc. (NYSE:RBRK)

EAM Global Investors LLC acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 72,562 shares of the company’s stock, valued at approximately $4,743,000.

Several other hedge funds also recently made changes to their positions in RBRK. Wealthcare Advisory Partners LLC raised its holdings in 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 buying an additional 300 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Rubrik during the fourth quarter valued at approximately $28,000. KBC Group NV lifted its position 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 acquiring an additional 430 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares during the period. Finally, Nemes Rush Group LLC purchased a new position in Rubrik during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, March 14th. William Blair began coverage on Rubrik in a research report on Friday, February 7th. They set a “market perform” rating for the company. Mizuho upped their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. BMO Capital Markets increased their price target 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, Citigroup boosted their price objective on shares of 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 issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of “Buy” and a consensus price target of $69.17.

Insider Buying and Selling

In related news, CTO Arvind Nithrakashyap sold 32,484 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.04, for a total value of $1,690,467.36. Following the completion of the transaction, the chief technology officer now directly owns 186,795 shares of the company’s stock, valued at $9,720,811.80. This trade represents a 14.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $60.22, for a total transaction of $1,505,500.00. Following the completion of the sale, the executive now directly owns 579,217 shares in the company, valued at $34,880,447.74. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 500,406 shares of company stock valued at $33,211,682.

Rubrik Price Performance

Shares of RBRK opened at $63.26 on Wednesday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The company’s fifty day moving average price is $65.15 and its 200 day moving average price is $58.57. The company has a market capitalization of $12.01 billion and a PE ratio of -4.59.

Rubrik (NYSE:RBRK) last released its 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 business had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. During the same quarter in the prior year, the business earned ($1.59) earnings per share. The firm’s revenue was up 47.5% on a year-over-year basis. Analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

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.