Roger Wittlin Investment Advisory LLC Purchases Shares of 5,300 Rubrik, Inc. (NYSE:RBRK)

Roger Wittlin Investment Advisory LLC acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, HoldingsChannel reports. The firm acquired 5,300 shares of the company’s stock, valued at approximately $346,000.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Rubrik by 134.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company’s stock worth $10,462,000 after purchasing an additional 186,485 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Rubrik in the 3rd quarter valued at about $265,000. BNP Paribas Financial Markets purchased a new stake in Rubrik during the 3rd quarter valued at about $336,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rubrik during the 3rd quarter worth approximately $323,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Rubrik by 24.8% during the 3rd 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 acquiring an additional 49,372 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Stock Performance

RBRK stock opened at $62.44 on Thursday. The business’s 50-day moving average is $68.56 and its two-hundred day moving average is $56.82. The company has a market cap of $11.85 billion and a price-to-earnings ratio of -4.53. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00.

Rubrik (NYSE:RBRK) last announced its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share (EPS) 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 the consensus estimate of $233.13 million. During the same period last year, the business earned ($1.59) EPS. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. Equities analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RBRK. Citigroup increased their price objective on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 17th. BMO Capital Markets increased their price target on shares of Rubrik from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, March 14th. Wedbush upped their price objective on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. 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. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 price objective on shares of Rubrik in a report on Friday, March 14th. Two research 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $70.00.

Insider Activity at Rubrik

In related news, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction that occurred 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 owns 342,174 shares of the company’s stock, valued at approximately $21,420,092.40. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the transaction, the director now owns 153 shares of the company’s stock, valued at $11,828.43. The trade was a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,635 shares of company stock worth $55,117,349.

Rubrik Company 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.