Zurcher Kantonalbank Zurich Cantonalbank Takes Position in Rubrik, Inc. (NYSE:RBRK)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,059 shares of the company's stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co acquired a new stake in shares of Rubrik in the 3rd quarter worth approximately $432,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Rubrik in the 2nd quarter worth approximately $2,606,000. Bank of Montreal Can acquired a new stake in shares of Rubrik in the 2nd quarter worth approximately $427,000. Penserra Capital Management LLC acquired a new stake in shares of Rubrik in the 3rd quarter worth approximately $35,359,000. Finally, Natixis Advisors LLC lifted its stake in shares of Rubrik by 302.5% in the 3rd quarter. Natixis Advisors LLC now owns 53,271 shares of the company's stock worth $1,713,000 after acquiring an additional 40,036 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on RBRK shares. Cantor Fitzgerald upped their price target on shares of Rubrik from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler reiterated an "overweight" rating and issued a $72.00 target price (up from $42.00) on shares of Rubrik in a report on Friday. Mizuho boosted their target price on shares of Rubrik from $47.00 to $68.00 and gave the stock an "outperform" rating in a report on Monday. Barclays boosted their target price on shares of Rubrik from $51.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $61.88.

Insider Buying and Selling

In related news, CRO Brian K. Mccarthy sold 104,672 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the completion of the sale, the executive now directly owns 462,545 shares of the company's stock, valued at approximately $14,486,909.40. This represents a 18.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Barry Eggers sold 100,000 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the sale, the insider now directly owns 56,736 shares of the company's stock, valued at approximately $1,857,536.64. This represents a 63.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 574,912 shares of company stock valued at $22,673,114.

Rubrik Stock Up 8.0 %

Rubrik stock traded up $5.18 during trading hours on Monday, hitting $69.81. The company had a trading volume of 5,861,822 shares, compared to its average volume of 1,615,304. The firm's fifty day moving average is $42.65 and its 200-day moving average is $36.20. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $72.66.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. On average, research analysts predict that Rubrik, Inc. will post -8.04 EPS for the current fiscal year.

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.