1 week Ago By ABMN Staff
Pictet Asset Management Holding SA lessened its holdings in Rubrik, Inc. ( NYSE:RBRK – Free Report ) by 95.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 9,196 shares of the company’s stock after selling 194,846 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Rubrik were worth $601,000 as of its most recent SEC filing. Other large investors have also recently modified their holdings of the company.
Global Retirement Partners LLC grew 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 purchasing an additional 500 shares during the last quarter.
Rhumbline Advisers bought a new stake in shares of Rubrik during the fourth quarter worth $64,000. Geneos Wealth Management Inc. acquired a new position in shares of Rubrik during the fourth quarter worth $70,000.
KBC Group NV lifted 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 acquiring an additional 430 shares during the last quarter.
Finally, Shikiar Asset Management Inc. acquired a new stake in shares of Rubrik during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 49.
54% of the company’s stock. Analysts Set New Price Targets A number of equities analysts have issued reports on RBRK shares. Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.
00 target price for the company in a report on Wednesday, March 12th. Wedbush raised their price objective on shares of Rubrik from $75.00 to $80.
00 and gave the company an “outperform” rating in a report on Friday, March 14th. Guggenheim boosted their target price on shares of Rubrik from $76.00 to $80.
00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Robert W. Baird dropped their price target on shares of Rubrik from $83.
00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Finally, Piper Sandler decreased their price objective on Rubrik from $87.
00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock.
According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $69.17.
Rubrik Price Performance Shares of Rubrik stock opened at $52.43 on Wednesday. The business has a 50-day simple moving average of $66.
74 and a 200 day simple moving average of $57.56. Rubrik, Inc.
has a one year low of $28.34 and a one year high of $80.00.
The firm has a market capitalization of $9.95 billion and a price-to-earnings ratio of -3.81.
Rubrik ( NYSE:RBRK – Get Free Report ) last released 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 firm had revenue of $258.
10 million during the quarter, compared to analysts’ expectations of $233.13 million. During the same period last year, the company posted ($1.
59) EPS. The firm’s quarterly revenue was up 47.5% on a year-over-year basis.
On average, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current year.
Insiders Place Their Bets In related news, CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $66.52, for a total transaction of $119,736.
00. Following the completion of the sale, the chief financial officer now owns 341,374 shares in the company, valued at approximately $22,708,198.48.
This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Also, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.
00. Following the transaction, the director now owns 153 shares in the company, valued at approximately $10,342.80.
This trade represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last 90 days, insiders have sold 667,334 shares of company stock worth $44,739,736. Rubrik Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding RBRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rubrik, Inc.
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