Liberty Street Advisors Inc. Takes $4.12 Million Position in Rubrik, Inc. (NYSE:RBRK)

Liberty Street Advisors Inc. acquired a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 134,281 shares of the company's stock, valued at approximately $4,117,000. Rubrik comprises about 100.0% of Liberty Street Advisors Inc.'s investment portfolio, making the stock its largest holding. Liberty Street Advisors Inc. owned approximately 0.07% of Rubrik as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of RBRK. Register Financial Advisors LLC bought a new position in Rubrik in the 2nd quarter worth about $227,000. Natixis Advisors LLC bought a new position in Rubrik in the second quarter worth approximately $406,000. Commonwealth Equity Services LLC purchased a new position in Rubrik during the 2nd quarter worth $503,000. EFG Asset Management North America Corp. bought a new stake in Rubrik during the 2nd quarter valued at $925,000. Finally, Roubaix Capital LLC bought a new position in shares of Rubrik during the 2nd quarter worth $2,115,000.

Analysts Set New Price Targets

Several analysts recently weighed in on RBRK shares. Baird R W upgraded Rubrik to a "strong-buy" rating in a report on Monday, July 15th. Capital One Financial initiated coverage on shares of Rubrik in a report on Monday, May 20th. They set an "overweight" rating and a $42.00 price objective on the stock. Barclays upped their target price on Rubrik from $41.00 to $42.00 and gave the stock an "overweight" rating in a report on Wednesday, June 12th. The Goldman Sachs Group initiated coverage on Rubrik in a report on Monday, May 20th. They issued a "buy" rating and a $48.00 price target on the stock. Finally, Guggenheim reaffirmed a "buy" rating and set a $48.00 price objective on shares of Rubrik in a research report on Tuesday, June 25th. Fifteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $45.13.

Rubrik Price Performance

Shares of RBRK traded down $1.39 during trading hours on Friday, reaching $30.75. 1,041,619 shares of the company traded hands, compared to its average volume of 1,069,230. The stock has a fifty day simple moving average of $33.42. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $40.00.

Rubrik (NYSE:RBRK - Get Free Report) last announced 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 firm had revenue of $187.32 million during the quarter, compared to analyst estimates of $171.60 million. As a group, research analysts anticipate that Rubrik, Inc. will post -7.7 EPS for the current fiscal year.

Rubrik 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.