Voya Investment Management LLC Sells 82,480 Shares of Rubrik, Inc. (NYSE:RBRK)

Voya Investment Management LLC reduced its position in shares of Rubrik, Inc. (NYSE:RBRK) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,953,935 shares of the company’s stock after selling 82,480 shares during the quarter. Voya Investment Management LLC owned 1.05% of Rubrik worth $127,709,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Rubrik by 114.1% during the fourth quarter. Vanguard Group Inc. now owns 6,328,184 shares of the company’s stock valued at $413,610,000 after buying an additional 3,372,323 shares during the last quarter. Norges Bank purchased a new stake in Rubrik during the 4th quarter valued at $277,395,000. FMR LLC boosted its stake in 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 purchasing an additional 2,065,444 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Rubrik by 26.6% in the 4th quarter. First Trust Advisors LP now owns 3,156,035 shares of the company’s stock worth $206,278,000 after purchasing an additional 662,914 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Rubrik by 27.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,979,184 shares of the company’s stock worth $129,359,000 after purchasing an additional 427,149 shares during the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Performance

Shares of RBRK stock opened at $68.11 on Friday. The stock has a fifty day simple moving average of $63.24 and a two-hundred day simple moving average of $59.86. The firm has a market capitalization of $12.93 billion and a PE ratio of -4.94. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $80.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to the consensus estimate of $233.13 million. During the same period in the previous year, the firm posted ($1.59) earnings per share. The company’s revenue was up 47.5% compared to the same quarter last year. On average, sell-side analysts forecast that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Arvind Nithrakashyap sold 32,484 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.04, for a total value of $1,690,467.36. Following the sale, the chief technology officer now owns 186,795 shares of the company’s stock, valued at approximately $9,720,811.80. This represents a 14.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The stock was 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 of the company’s stock, valued at $38,135,919.94. This trade represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 515,619 shares of company stock worth $34,167,897.

Analyst Ratings Changes

RBRK has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Rubrik from $76.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Wedbush lifted their price target on shares of Rubrik from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, March 14th. Guggenheim increased their price objective on shares of Rubrik from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Robert W. Baird cut their target price on shares of Rubrik from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, March 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $85.00 target price on shares of Rubrik in a research note on Friday, March 14th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.