Dimensional Fund Advisors LP Raises Position in Rubrik, Inc. (NYSE:RBRK)

Dimensional Fund Advisors LP lifted its position in Rubrik, Inc. (NYSE:RBRK) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,741 shares of the company’s stock after buying an additional 1,363 shares during the period. Dimensional Fund Advisors LP’s holdings in Rubrik were worth $2,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RBRK. Barclays PLC raised its holdings in Rubrik by 140.6% in the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock worth $386,000 after acquiring an additional 7,029 shares during the last quarter. Hamilton Lane Advisors LLC raised its stake in shares of Rubrik by 3.0% in the fourth quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock worth $2,224,000 after purchasing an additional 980 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of 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. Shikiar Asset Management Inc. bought a new position in shares of Rubrik during the fourth quarter valued at $203,000. Finally, Jackson Square Capital LLC purchased a new stake in shares of Rubrik during the fourth quarter valued at $411,000. Institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at approximately $11,828.43. This trade represents a 94.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $6,161,488.84. Following the sale, the chief financial officer now directly owns 413,458 shares in the company, valued at $28,958,598.32. This trade represents a 17.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 546,117 shares of company stock valued at $36,491,888 over the last 90 days.

Rubrik Stock Performance

NYSE:RBRK opened at $84.10 on Thursday. The stock has a 50-day simple moving average of $65.77 and a two-hundred day simple moving average of $63.39. The firm has a market capitalization of $15.96 billion and a PE ratio of -6.10. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $84.65.

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 firm had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $233.13 million. The firm’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.59) earnings per share. Equities analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Wedbush boosted their price objective on shares of Rubrik from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 14th. BMO Capital Markets increased their price objective 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. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Tuesday, April 29th. Finally, Guggenheim increased their price target on Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $68.83.

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.