BNP Paribas Financial Markets Purchases Shares of 10,460 Rubrik, Inc. (NYSE:RBRK)

BNP Paribas Financial Markets purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,460 shares of the company's stock, valued at approximately $336,000.

Several other large investors have also recently added to or reduced their stakes in RBRK. Brown Brothers Harriman & Co. acquired a new stake in Rubrik during the third quarter valued at approximately $25,000. KBC Group NV bought a new position in Rubrik during the 3rd quarter worth about $72,000. Quent Capital LLC acquired a new position in shares of Rubrik during the 3rd quarter worth about $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik in the 3rd quarter valued at about $208,000. Finally, Whalen Wealth Management Inc. bought a new stake in shares of Rubrik during the third quarter worth approximately $243,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBRK has been the topic of several analyst reports. FBN Securities started coverage on shares of Rubrik in a research note on Monday, September 30th. They issued an "outperform" rating and a $40.00 price objective on the stock. Cantor Fitzgerald raised their price objective on shares of Rubrik from $58.00 to $70.00 and gave the stock an "overweight" rating in a report 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 research report on Friday, December 6th. Truist Financial boosted their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Robert W. Baird raised their target price on Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. One investment 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 stock. According to data from MarketBeat.com, Rubrik has a consensus rating of "Buy" and an average target price of $61.88.

Insider Buying and Selling

In related news, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $69.70, for a total transaction of $125,460.00. Following the completion of the sale, the chief financial officer now owns 342,160 shares of the company's stock, valued at $23,848,552. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Barry Eggers sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total value of $3,274,000.00. Following the completion of the transaction, the insider now directly owns 56,736 shares of the company's stock, valued at $1,857,536.64. The trade was a 63.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 560,779 shares of company stock valued at $22,317,557.

Rubrik Stock Down 2.7 %

Shares of NYSE:RBRK traded down $2.01 during midday trading on Friday, reaching $72.18. The company's stock had a trading volume of 5,634,743 shares, compared to its average volume of 1,666,534. The firm has a 50 day moving average of $46.55 and a 200-day moving average of $37.51. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $74.99.

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.