Davidson Kempner Capital Management LP Invests $2.61 Million in Rubrik, Inc. (NYSE:RBRK)

Davidson Kempner Capital Management LP purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 85,000 shares of the company's stock, valued at approximately $2,606,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Interval Partners LP acquired a new stake in Rubrik in the second quarter valued at $1,334,000. Bank of Montreal Can acquired a new stake in shares of Rubrik during the second quarter worth about $427,000. American International Group Inc. acquired a new stake in shares of Rubrik during the second quarter worth about $1,118,000. Ensign Peak Advisors Inc acquired a new stake in shares of Rubrik during the second quarter worth about $6,287,000. Finally, Octahedron Capital Management L.P. acquired a new stake in shares of Rubrik during the second quarter worth about $4,936,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup lifted their target price on Rubrik from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. KeyCorp lifted their target price on Rubrik from $46.00 to $48.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 12th. Baird R W upgraded Rubrik to a "strong-buy" rating in a research report on Monday, July 15th. Guggenheim reiterated a "buy" rating and set a $48.00 target price on shares of Rubrik in a research report on Tuesday, June 25th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $50.00 target price on shares of Rubrik in a research report on Tuesday, September 10th. Fifteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $44.69.

Rubrik Trading Up 0.3 %

RBRK traded up $0.09 during trading on Monday, reaching $33.38. The company's stock had a trading volume of 1,282,185 shares, compared to its average volume of 1,396,864. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $40.00. The firm has a fifty day moving average of $33.45.

Insider Buying and Selling at Rubrik

In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $30.19, for a total value of $481,017.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Barry Eggers sold 100,000 shares of the business'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 transaction of $3,274,000.00. Following the sale, the insider now owns 56,736 shares of the company's stock, valued at approximately $1,857,536.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ravi Mhatre sold 15,933 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here.

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.