Roubaix Capital LLC Invests $2.12 Million in Rubrik, Inc. (NYSE:RBRK)

Roubaix Capital LLC acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 68,983 shares of the company's stock, valued at approximately $2,115,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. ARK Investment Management LLC acquired a new position in shares of Rubrik in the second quarter valued at $6,043,000. EFG Asset Management North America Corp. bought a new position in shares of Rubrik during the second quarter worth approximately $925,000. Commonwealth Equity Services LLC bought a new position in shares of Rubrik during the second quarter worth approximately $503,000. Natixis Advisors LLC acquired a new stake in Rubrik during the 2nd quarter worth approximately $406,000. Finally, Cisco Systems Inc. acquired a new position in Rubrik in the 2nd quarter valued at $5,613,000.

Rubrik Stock Performance

NYSE RBRK traded down $0.47 on Thursday, hitting $32.16. The company's stock had a trading volume of 635,291 shares, compared to its average volume of 1,069,528. The stock's 50-day simple moving average is $33.39. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $40.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The company reported ($11.47) earnings per share for the quarter, missing analysts' consensus estimates of ($10.88) by ($0.59). The company had revenue of $187.32 million during the quarter, compared to analyst estimates of $171.60 million. Analysts predict that Rubrik, Inc. will post -7.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on RBRK shares. Citigroup upped their price target on shares of Rubrik from $46.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, June 13th. Truist Financial assumed coverage on shares of Rubrik in a research note on Monday, May 20th. They set a "buy" rating and a $43.00 price objective on the stock. Robert W. Baird began coverage on shares of Rubrik in a research report on Monday, July 15th. They issued an "outperform" rating and a $42.00 target price for the company. Capital One Financial began coverage on shares of Rubrik in a research note on Monday, May 20th. They issued an "overweight" rating and a $42.00 price objective on the stock. Finally, KeyCorp raised their target price on Rubrik from $46.00 to $48.00 and gave the company an "overweight" rating in a report on Wednesday, June 12th. Fifteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $45.13.

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.