Legal & General Group Plc Has $3.69 Million Holdings in Rubrik, Inc. (NYSE:RBRK)

Legal & General Group Plc decreased its holdings in Rubrik, Inc. (NYSE:RBRK) by 14.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,422 shares of the company’s stock after selling 9,531 shares during the quarter. Legal & General Group Plc’s holdings in Rubrik were worth $3,688,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new stake in shares of Rubrik in the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its position in shares of Rubrik by 8,333.3% during 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 during the period. Nemes Rush Group LLC acquired a new stake in shares of Rubrik during the 4th quarter worth $39,000. Rhumbline Advisers acquired a new stake in shares of Rubrik during the 4th quarter worth $64,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Rubrik in the fourth quarter worth $70,000. 49.54% of the stock is owned by institutional investors.

Insider Transactions at Rubrik

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 87,971 shares of Rubrik stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $70.04, for a total value of $6,161,488.84. Following the completion of the transaction, the chief financial officer now directly owns 413,458 shares of the company’s stock, valued at approximately $28,958,598.32. This trade represents a 17.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 515,619 shares of company stock worth $34,167,897 over the last ninety days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RBRK shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Robert W. Baird reduced their price target on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. BMO Capital Markets lifted their price objective on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Guggenheim upped their target price on Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Finally, William Blair started coverage on Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Rubrik has a consensus rating of “Buy” and a consensus price target of $68.83.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $61.86 on Wednesday. The stock has a market cap of $11.74 billion and a P/E ratio of -4.49. The firm has a 50 day moving average price of $63.67 and a two-hundred day moving average price of $59.58. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00.

Rubrik (NYSE:RBRK) last announced its 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. The firm’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) earnings per share. Analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

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.