Rubrik, Inc. (NYSE:RBRK) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in Rubrik, Inc. (NYSE:RBRK) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,038 shares of the company’s stock after selling 745 shares during the period. Envestnet Asset Management Inc.’s holdings in Rubrik were worth $721,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Wealthcare Advisory Partners LLC boosted its holdings in Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after purchasing an additional 300 shares during the period. KBC Group NV boosted its stake 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 buying an additional 430 shares during the period. Global Retirement Partners LLC grew its position in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in shares of Rubrik during the fourth quarter worth approximately $39,000. Finally, Hamilton Lane Advisors LLC increased its stake in shares of Rubrik by 3.0% during the fourth quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock worth $2,224,000 after buying an additional 980 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Transactions at Rubrik

In related news, CTO Arvind Nithrakashyap sold 32,485 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $70.85, for a total transaction of $2,301,562.25. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the sale, the director now directly owns 153 shares of the company’s stock, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 573,128 shares of company stock worth $38,238,360 over the last ninety days.

Rubrik Trading Up 3.1 %

Shares of RBRK stock opened at $73.32 on Friday. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The business’s 50 day moving average is $63.23 and its two-hundred day moving average is $61.23. The company has a market capitalization of $13.91 billion and a P/E ratio of -5.32.

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 the consensus estimate of $233.13 million. During the same quarter in the prior year, the company earned ($1.59) earnings per share. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. As a group, equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RBRK has been the subject of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $85.00 price target on shares of Rubrik in a report on Friday, March 14th. UBS Group reiterated a “buy” rating on shares of Rubrik in a research note on Tuesday. KeyCorp cut their price target on Rubrik from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Piper Sandler lowered their price objective on Rubrik from $87.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Rubrik presently has an average rating of “Buy” and an average price target of $68.83.

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.