Dimensional Fund Advisors LP Buys 1,363 Shares of Rubrik, Inc. (NYSE:RBRK)

Dimensional Fund Advisors LP lifted its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,741 shares of the company’s stock after acquiring an additional 1,363 shares during the period. Dimensional Fund Advisors LP’s holdings in Rubrik were worth $2,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RBRK. Russell Investments Group Ltd. bought a new stake in Rubrik during the fourth quarter worth about $28,000. Global Retirement Partners LLC raised its holdings 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 buying an additional 500 shares in the last quarter. Nemes Rush Group LLC bought a new stake in Rubrik in the 4th quarter worth approximately $39,000. NewEdge Advisors LLC bought a new stake in Rubrik in the 4th quarter worth approximately $62,000. Finally, Rhumbline Advisers purchased a new stake in Rubrik in the fourth quarter worth approximately $64,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Trading Up 1.2%

NYSE:RBRK opened at $84.10 on Thursday. The company has a 50-day moving average price of $65.77 and a 200-day moving average price of $63.39. The stock has a market cap of $15.96 billion and a price-to-earnings ratio of -6.10. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $84.65.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) 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. During the same period in the previous year, the business earned ($1.59) EPS. Rubrik’s revenue for the quarter was up 47.5% compared to the same quarter last year. Equities analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $62.03, for a total value of $124,060.00. Following the sale, the chief financial officer now directly owns 614,798 shares of the company’s stock, valued at $38,135,919.94. The trade was a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 546,117 shares of company stock worth $36,491,888 over the last ninety days.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of recent research reports. KeyCorp lowered their price objective on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Guggenheim boosted their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Citigroup upped their price target 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. BMO Capital Markets boosted their target price on Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. Finally, 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. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $68.83.

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.