Assenagon Asset Management S.A. reduced its stake in Rubrik, Inc. by 60.7% during the first quarter. A recent filing shows the firm now holds 252,392 shares. This position is valued at approximately $12.36 million.
Director John Wendell Thompson also recently sold shares in the company.
Wall Street maintains 28 buy ratings for the stock. Analysts set an average price target of $93.
Rubrik reported quarterly earnings of $0.16 per share. Revenue increased 39% year-over-year.