OMERS ADMINISTRATION Corp Grows Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

OMERS ADMINISTRATION Corp raised its position in shares of Rubrik, Inc. (NYSE:RBRK) by 29.8% during the fourth quarter, HoldingsChannel reports. The firm owned 14,800 shares of the company’s stock after purchasing an additional 3,400 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Rubrik were worth $967,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC raised its position in Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock valued at $683,000 after purchasing an additional 300 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Rubrik in the 4th quarter valued at about $28,000. KBC Group NV boosted its holdings in Rubrik by 19.1% during 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 period. 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 acquiring an additional 500 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new position in Rubrik during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 87,971 shares of Rubrik stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84. Following the completion of the transaction, the chief financial officer now directly owns 413,458 shares in the company, valued at approximately $28,958,598.32. This trade represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.15, for a total transaction of $1,578,750.00. Following the transaction, the executive now owns 356,043 shares of the company’s stock, valued at $22,484,115.45. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 594,617 shares of company stock valued at $40,386,273.

Analyst Ratings Changes

Several research firms recently issued reports on RBRK. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday, March 12th. Wedbush raised their price target on Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Cantor Fitzgerald raised their price target on Rubrik from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company raised their price target on Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Finally, UBS Group restated a “buy” rating on shares of Rubrik in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.05.

Rubrik Stock Performance

Rubrik stock opened at $85.40 on Friday. The stock’s 50 day simple moving average is $67.07 and its two-hundred day simple moving average is $64.14. The stock has a market cap of $16.21 billion and a price-to-earnings ratio of -6.20. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $87.50.

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 the consensus estimate of ($0.39) by ($0.22). The business had revenue of $258.10 million during the quarter, compared to analyst estimates of $233.13 million. The business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter last year, the firm posted ($1.59) earnings per share. On average, analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current year.

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.