Bank of Montreal Can Has $1.60 Million Holdings in Rubrik, Inc. (NYSE:RBRK)

Bank of Montreal Can raised its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,460 shares of the company’s stock after acquiring an additional 7,378 shares during the quarter. Bank of Montreal Can’s holdings in Rubrik were worth $1,599,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Renaissance Capital LLC increased its position in Rubrik by 21.2% in the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after purchasing an additional 12,714 shares during the last quarter. FMR LLC lifted its holdings in shares of Rubrik by 172.6% during the 4th quarter. FMR LLC now owns 3,261,925 shares of the company’s stock valued at $213,199,000 after buying an additional 2,065,444 shares during the last quarter. US Bancorp DE grew its stake in shares of Rubrik by 1,329.9% in the 4th quarter. US Bancorp DE now owns 19,547 shares of the company’s stock valued at $1,278,000 after buying an additional 18,180 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Rubrik in the fourth quarter worth approximately $11,462,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Rubrik by 434.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 335,238 shares of the company’s stock valued at $21,911,000 after acquiring an additional 272,482 shares in the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Down 1.3 %

Shares of RBRK stock opened at $61.48 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The firm has a market cap of $11.67 billion and a price-to-earnings ratio of -4.46. The stock has a 50-day moving average price of $64.60 and a 200 day moving average price of $58.79.

Rubrik (NYSE:RBRK) last announced 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 company had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. During the same quarter in the prior year, the company earned ($1.59) EPS. Rubrik’s revenue for the quarter was up 47.5% compared to the same quarter last year. Sell-side analysts predict that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBRK has been the subject of several recent research reports. KeyCorp decreased their target price on shares of Rubrik from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler lowered their target price on shares of Rubrik from $87.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Rosenblatt Securities upgraded Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, March 12th. William Blair initiated coverage on Rubrik in a research note on Friday, February 7th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company raised their price objective on Rubrik from $76.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $68.83.

Insider Transactions at Rubrik

In other news, CTO Arvind Nithrakashyap sold 32,485 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $74.85, for a total value of $2,431,502.25. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at $16,413,033.15. This represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total transaction of $124,060.00. Following the completion of the sale, the chief financial officer now owns 614,798 shares in the company, valued at $38,135,919.94. This represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 515,619 shares of company stock worth $34,167,897 in the last three months.

About Rubrik

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.