Rubrik, Inc. (NYSE:RBRK) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in Rubrik, Inc. (NYSE:RBRK) by 47.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,276 shares of the company’s stock after buying an additional 61,857 shares during the quarter. Northern Trust Corp owned 0.10% of Rubrik worth $12,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RBRK. Renaissance Capital LLC grew its stake in Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after purchasing an additional 12,714 shares in the last quarter. FMR LLC grew its stake in Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock worth $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. US Bancorp DE grew its stake in Rubrik by 1,329.9% during the 4th quarter. US Bancorp DE now owns 19,547 shares of the company’s stock worth $1,278,000 after purchasing an additional 18,180 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Rubrik during the 4th quarter worth about $11,462,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Rubrik by 434.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 335,238 shares of the company’s stock worth $21,911,000 after buying an additional 272,482 shares during the last quarter. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Down 0.1%

RBRK opened at $85.40 on Friday. The business has a 50 day moving average price of $67.07 and a two-hundred day moving average price of $63.99. The company has a market cap of $16.21 billion and a PE ratio of -6.20. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $87.50.

Rubrik (NYSE:RBRK) last posted 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 during the quarter, compared to analysts’ expectations 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 previous year, the company posted ($1.59) earnings per share. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 153 shares in the company, valued at approximately $11,828.43. The trade was a 94.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.81, for a total value of $293,335.00. Following the transaction, the chief financial officer now owns 565,165 shares in the company, valued at $47,366,478.65. The trade was a 0.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 594,617 shares of company stock worth $40,386,273.

Analyst Ratings Changes

A number of analysts have issued reports on the company. William Blair assumed coverage on Rubrik in a report on Friday, February 7th. They set a “market perform” rating for the company. Robert W. Baird decreased their price target on Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. BMO Capital Markets lifted their price target on Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target for the company in a report on Wednesday, March 12th. Finally, UBS Group reissued a “buy” rating on shares of Rubrik in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $71.05.

About Rubrik

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.