24,338 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Nan Fung Group Holdings Ltd

Nan Fung Group Holdings Ltd bought a new stake in Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,338 shares of the company’s stock, valued at approximately $1,591,000. Rubrik comprises approximately 1.3% of Nan Fung Group Holdings Ltd’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds have also made changes to their positions in the company. Stifel Financial Corp raised its position in shares of Rubrik by 407.7% during the 3rd quarter. Stifel Financial Corp now owns 68,566 shares of the company’s stock worth $2,204,000 after purchasing an additional 55,062 shares during the last quarter. State Street Corp lifted its position in shares of Rubrik by 368.9% in the third quarter. State Street Corp now owns 421,096 shares of the company’s stock valued at $13,538,000 after acquiring an additional 331,296 shares in the last quarter. Barclays PLC boosted its stake in shares of Rubrik by 140.6% during the third quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after acquiring an additional 7,029 shares during the last quarter. Geode Capital Management LLC increased its position in Rubrik by 133.3% during the 3rd quarter. Geode Capital Management LLC now owns 568,646 shares of the company’s stock worth $18,290,000 after purchasing an additional 324,951 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC purchased a new position in Rubrik in the 3rd quarter valued at about $394,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Activity

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the sale, the director now owns 153 shares of the company’s stock, valued at $11,828.43. The trade was a 94.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following the completion of the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at $15,535,917.15. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 515,619 shares of company stock valued at $34,167,897.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RBRK shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Piper Sandler decreased their price objective on Rubrik from $87.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company upped their target price on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. KeyCorp lowered their price target on Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday. Finally, BMO Capital Markets increased their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $68.83.

Rubrik Price Performance

Shares of RBRK stock opened at $61.48 on Friday. The firm has a market cap of $11.67 billion and a P/E ratio of -4.46. The firm has a fifty day moving average of $64.37 and a two-hundred day moving average of $59.00. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results 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 company had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. During the same quarter in the prior year, the company posted ($1.59) earnings per share. The company’s quarterly revenue was up 47.5% on a year-over-year basis. On average, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS 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.