12,249 Shares in Rubrik, Inc. (NYSE:RBRK) Purchased by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,249 shares of the company's stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RBRK. Janus Henderson Group PLC increased its position in Rubrik by 6.9% during the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company's stock worth $11,595,000 after purchasing an additional 23,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rubrik during the third quarter worth $323,000. Diversified Trust Co acquired a new position in shares of Rubrik during the third quarter worth $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Rubrik by 24.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company's stock worth $7,998,000 after buying an additional 49,372 shares in the last quarter. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Rubrik in the 2nd quarter valued at $2,606,000. Institutional investors own 49.54% of the company's stock.

Insider Transactions at Rubrik

In other Rubrik news, major shareholder Barry Eggers sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $32.74, for a total value of $3,274,000.00. Following the completion of the sale, the insider now owns 56,736 shares of the company's stock, valued at approximately $1,857,536.64. This trade represents a 63.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $39.40, for a total value of $59,100.00. Following the sale, the chief financial officer now owns 423,060 shares of the company's stock, valued at approximately $16,668,564. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 560,779 shares of company stock valued at $22,317,557 in the last quarter.

Rubrik Price Performance

RBRK traded down $2.01 during trading on Friday, hitting $72.18. The company's stock had a trading volume of 5,634,743 shares, compared to its average volume of 1,666,534. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $74.99. The stock's fifty day moving average price is $46.55 and its 200-day moving average price is $37.51.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of recent research reports. Mizuho upped their target price on Rubrik from $47.00 to $68.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Guggenheim upped their price objective on Rubrik from $52.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of Rubrik from $40.00 to $76.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Wedbush boosted their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, FBN Securities assumed coverage on shares of Rubrik in a research note on Monday, September 30th. They set an "outperform" rating and a $40.00 price target for the company. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $61.88.

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.