Rubrik, Inc. (NYSE:RBRK – Get Free Report) saw unusually large options trading on Monday. Traders purchased 9,271 put options on the stock. This is an increase of approximately 120% compared to the average daily volume of 4,211 put options.
Insiders Place Their Bets
In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $60.22, for a total value of $1,505,500.00. Following the transaction, the executive now owns 579,217 shares of the company’s stock, valued at $34,880,447.74. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $65.72, for a total transaction of $118,296.00. Following the sale, the chief financial officer now owns 342,974 shares of the company’s stock, valued at approximately $22,540,251.28. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 817,426 shares of company stock valued at $54,693,394 over the last quarter.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in Rubrik by 134.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 325,420 shares of the company’s stock worth $10,462,000 after acquiring an additional 186,485 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Rubrik during the third quarter worth about $265,000. BNP Paribas Financial Markets purchased a new stake in shares of Rubrik in the 3rd quarter valued at about $336,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rubrik in the 3rd quarter valued at about $323,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Rubrik by 24.8% in 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 valued at $7,998,000 after purchasing an additional 49,372 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.
Rubrik Price Performance
Shares of NYSE RBRK opened at $60.43 on Wednesday. The business has a 50-day moving average of $68.74 and a two-hundred day moving average of $56.78. The company has a market capitalization of $11.47 billion and a price-to-earnings ratio of -4.39. Rubrik has a 1 year low of $28.34 and a 1 year high of $80.00.
Rubrik (NYSE:RBRK – Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $233.13 million. The firm’s revenue was up 47.5% compared to the same quarter last year. During the same period last year, the firm posted ($1.59) EPS. As a group, equities research analysts expect that Rubrik will post -7.66 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on RBRK shares. BMO Capital Markets raised their price target on Rubrik from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, March 14th. Cantor Fitzgerald restated an “overweight” rating and set a $85.00 target price on shares of Rubrik in a report on Friday, March 14th. Rosenblatt Securities raised Rubrik from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, March 12th. Citigroup increased their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Barclays lifted their price objective on shares of Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. 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 company. According to MarketBeat, Rubrik has an average rating of “Buy” and an average target price of $70.00.
Read Our Latest Stock Report on Rubrik
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.
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