Trexquant Investment LP Takes $25.96 Million Position in Rubrik, Inc. (NYSE:RBRK)

Trexquant Investment LP acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, Holdings Channel reports. The fund acquired 397,209 shares of the company’s stock, valued at approximately $25,962,000.

A number of other hedge funds also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC raised its position in shares of Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after acquiring an additional 300 shares in the last quarter. KBC Group NV grew its stake in Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after purchasing an additional 430 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in shares of Rubrik during the fourth quarter valued at about $39,000. Finally, Hamilton Lane Advisors LLC boosted its holdings in shares of Rubrik by 3.0% in the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock valued at $2,224,000 after buying an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Down 4.2 %

Shares of RBRK stock opened at $60.96 on Tuesday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00. The stock has a market cap of $11.29 billion and a PE ratio of -4.42. The business has a 50-day simple moving average of $68.95 and a 200-day simple moving average of $56.57.

Rubrik (NYSE:RBRK) last announced its quarterly 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 business had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.59) earnings per share. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In related news, CTO Arvind Nithrakashyap sold 32,484 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total value of $2,000,689.56. Following the transaction, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $13,505,393.61. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the sale, the director now owns 153 shares of the company’s stock, 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 quarter, insiders have sold 792,426 shares of company stock worth $53,187,894.

Analyst Ratings Changes

A number of equities research analysts recently commented on RBRK shares. Piper Sandler increased their target price on shares of Rubrik from $83.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a research report on Friday, March 14th. Barclays upped their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Guggenheim boosted their price target on Rubrik from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Finally, Mizuho increased their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $70.00.

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.