317,261 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 317,261 shares of the company's stock, valued at approximately $10,200,000. SG Americas Securities LLC owned about 0.18% of Rubrik as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in Rubrik in the second quarter worth $227,000. Zweig DiMenna Associates LLC purchased a new position in shares of Rubrik in the 2nd quarter valued at about $6,730,000. EFG Asset Management North America Corp. acquired a new stake in shares of Rubrik in the second quarter valued at about $925,000. ARK Investment Management LLC purchased a new stake in Rubrik during the second quarter worth about $6,043,000. Finally, Cisco Systems Inc. acquired a new position in Rubrik during the second quarter worth about $5,613,000.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of research reports. Piper Sandler assumed coverage on Rubrik in a report on Monday, August 19th. They issued an "overweight" rating and a $42.00 price target on the stock. Wedbush cut their price target on Rubrik from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Citigroup increased their price objective on shares of Rubrik from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. FBN Securities assumed coverage on shares of Rubrik in a report on Monday, September 30th. They set an "outperform" rating and a $40.00 target price for the company. Finally, Robert W. Baird initiated coverage on shares of Rubrik in a report on Monday, July 15th. They issued an "outperform" rating and a $42.00 price target on the stock. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $44.41.

Insiders Place Their Bets

In related news, major shareholder Barry Eggers sold 100,000 shares of the firm'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 transaction, the insider now owns 56,736 shares in the company, valued at approximately $1,857,536.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Barry Eggers sold 100,000 shares of the stock in a transaction 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 directly owns 56,736 shares in the company, valued at approximately $1,857,536.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ravi Mhatre sold 15,933 shares of the business's stock in a transaction dated 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. Insiders sold 297,529 shares of company stock worth $9,445,527 over the last three months.

Rubrik Stock Performance

Shares of RBRK traded up $0.59 during mid-day trading on Friday, hitting $33.19. The company had a trading volume of 2,560,077 shares, compared to its average volume of 1,456,581. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $40.00. The business has a 50-day moving average of $33.00.

Rubrik (NYSE:RBRK - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.95 earnings per share for the current fiscal year.

About Rubrik

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.