Lexington Partners L.P. Acquires Shares of 6,084 Rubrik, Inc. (NYSE:RBRK)

Lexington Partners L.P. acquired a new stake in Rubrik, Inc. (NYSE:RBRK) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,084 shares of the company’s stock, valued at approximately $398,000. Rubrik makes up about 0.5% of Lexington Partners L.P.’s holdings, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in shares of Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after acquiring an additional 500 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Rubrik during the third quarter worth about $25,000. Rhumbline Advisers acquired a new stake in Rubrik in the fourth quarter valued at about $64,000. Geneos Wealth Management Inc. purchased a new stake in Rubrik in the 4th quarter valued at approximately $70,000. Finally, KBC Group NV increased its position in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after purchasing an additional 430 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Stock Up 8.0 %

NYSE RBRK opened at $73.62 on Tuesday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The business has a fifty day moving average of $68.99 and a 200-day moving average of $55.35. The stock has a market cap of $13.64 billion and a price-to-earnings ratio of -5.34.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The company had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $233.13 million. The company’s revenue was up 47.5% compared to the same quarter last year. During the same period last year, the firm earned ($1.59) earnings per share. As a group, analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Activity

In other news, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $64.89, for a total value of $14,768,704.44. Following the completion of the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at $14,229,014.31. The trade was a 50.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 621,254 shares of company stock valued at $41,195,389 over the last 90 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company raised their price target on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Robert W. Baird decreased their target price on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Rosenblatt Securities upgraded shares of 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. Truist Financial boosted their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, KeyCorp dropped their target price on shares of Rubrik from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rubrik currently has an average rating of “Buy” and a consensus target price of $70.00.

Rubrik Profile

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.