Amova Asset Management Americas Inc. Has $27.70 Million Position in Rubrik, Inc. $RBRK

Amova Asset Management Americas Inc. lessened its position in Rubrik, Inc. (NYSE:RBRK) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336,878 shares of the company’s stock after selling 16,810 shares during the quarter. Amova Asset Management Americas Inc. owned approximately 0.17% of Rubrik worth $27,698,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Rubrik by 12.0% during the 2nd quarter. NewEdge Advisors LLC now owns 1,400 shares of the company’s stock worth $125,000 after acquiring an additional 150 shares in the last quarter. CI Investments Inc. grew its position in Rubrik by 31.7% in the third quarter. CI Investments Inc. now owns 859 shares of the company’s stock valued at $71,000 after purchasing an additional 207 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Rubrik by 24.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,146 shares of the company’s stock valued at $94,000 after buying an additional 224 shares during the last quarter. Creative Planning lifted its position in Rubrik by 5.3% during the 2nd quarter. Creative Planning now owns 4,668 shares of the company’s stock worth $418,000 after buying an additional 236 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Rubrik by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 588 shares of the company’s stock worth $53,000 after buying an additional 239 shares during the last quarter. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Up 1.7%

Shares of RBRK stock opened at $54.80 on Thursday. Rubrik, Inc. has a 12-month low of $46.36 and a 12-month high of $103.00. The company has a market capitalization of $10.97 billion, a PE ratio of -28.10 and a beta of 0.45. The firm has a 50 day moving average price of $62.13 and a two-hundred day moving average price of $73.23.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, December 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.26. The firm had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. Rubrik’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.21) EPS. As a group, research analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RBRK shares. Robert W. Baird lifted their target price on Rubrik from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rubrik in a research note on Friday, December 5th. Cantor Fitzgerald dropped their price objective on Rubrik from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Stephens assumed coverage on shares of Rubrik in a research note on Monday, December 29th. They issued an “overweight” rating and a $105.00 target price for the company. Finally, KeyCorp dropped their price target on shares of Rubrik from $95.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rubrik currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.11.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 31,450 shares of Rubrik stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $76.19, for a total transaction of $2,396,175.50. Following the completion of the sale, the chief technology officer owned 342,703 shares of the company’s stock, valued at approximately $26,110,541.57. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $90.83, for a total transaction of $908,300.00. Following the completion of the transaction, the insider owned 339,319 shares in the company, valued at $30,820,344.77. This trade represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 261,378 shares of company stock worth $19,381,131. Corporate insiders own 32.38% of the company’s stock.

Rubrik Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).