Rubrik, Inc. (NYSE:RBRK) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,441,369 shares of the company’s stock after selling 924,892 shares during the quarter. Alliancebernstein L.P.’s holdings in Rubrik were worth $94,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RBRK. Global Retirement Partners LLC grew its position in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Rubrik during the fourth quarter valued at $64,000. Geneos Wealth Management Inc. acquired a new position in shares of Rubrik in the 4th quarter valued at $70,000. KBC Group NV raised its stake in Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after acquiring an additional 430 shares during the last quarter. Finally, Shikiar Asset Management Inc. acquired a new stake in Rubrik during the 4th quarter worth about $203,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RBRK. Mizuho increased their price objective on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wells Fargo & Company raised their price target on shares of Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Truist Financial lifted their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. BMO Capital Markets increased their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Finally, Barclays boosted their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Two investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $70.00.

Insider Buying and Selling

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $60.22, for a total value of $1,505,500.00. Following the completion of the transaction, the executive now directly owns 579,217 shares of the company’s stock, valued at approximately $34,880,447.74. This represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $62.60, for a total transaction of $112,680.00. Following the sale, the chief financial officer now directly owns 342,174 shares in the company, valued at approximately $21,420,092.40. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 824,635 shares of company stock worth $55,117,349 in the last 90 days.

Rubrik Price Performance

Rubrik stock opened at $62.44 on Thursday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock has a market capitalization of $11.85 billion and a PE ratio of -4.53. The business has a 50 day simple moving average of $68.56 and a 200-day simple moving average of $56.82.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to the consensus estimate of $233.13 million. The business’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 company earned ($1.59) EPS. On average, equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

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.