Amundi Purchases Shares of 36,854 Rubrik, Inc. (NYSE:RBRK)

Amundi purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 36,854 shares of the company’s stock, valued at approximately $2,329,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of Rubrik by 6.9% during the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after acquiring an additional 23,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rubrik during the 3rd quarter worth $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Rubrik by 24.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after buying an additional 49,372 shares during the period. Renaissance Capital LLC boosted its position in shares of Rubrik by 21.2% in the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after buying an additional 12,714 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Rubrik in the third quarter worth $336,000. 49.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,973 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the sale, the chief financial officer now owns 345,374 shares in the company, valued at approximately $24,984,355.16. The trade was a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the sale, the director now owns 153 shares of the company’s stock, valued at $10,342.80. The trade was a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 625,712 shares of company stock worth $41,583,311 in the last quarter.

Wall Street Analysts Forecast Growth

RBRK has been the subject of several recent research reports. Mizuho increased their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $85.00 price objective on shares of Rubrik in a report on Friday. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. Piper Sandler raised their target price on Rubrik from $83.00 to $87.00 and gave the company an “overweight” rating in a report on Friday. Finally, Guggenheim restated a “buy” rating and set a $76.00 target price on shares of Rubrik in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Rubrik has an average rating of “Buy” and a consensus price target of $69.78.

Rubrik Trading Up 27.6 %

NYSE:RBRK opened at $70.54 on Monday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The firm has a 50 day moving average of $68.27 and a 200-day moving average of $53.78.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. During the same period in the prior year, the business earned ($1.59) EPS. The company’s revenue was up 47.5% compared to the same quarter last year. On average, equities research analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

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.