13,911 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Bank of Montreal Can

Bank of Montreal Can acquired 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 fund acquired 13,911 shares of the company's stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Register Financial Advisors LLC purchased a new position in Rubrik during the 2nd quarter worth $227,000. Sei Investments Co. purchased a new position in Rubrik during the second quarter worth about $235,000. PFG Investments LLC acquired a new stake in Rubrik in the second quarter valued at about $242,000. Natixis Advisors LLC purchased a new stake in Rubrik in the 2nd quarter valued at approximately $406,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Rubrik in the 2nd quarter valued at approximately $503,000.

Insiders Place Their Bets

In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of the firm'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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Rubrik news, CRO Brian K. Mccarthy sold 104,672 shares of Rubrik stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total value of $3,278,327.04. Following the transaction, the executive now owns 462,545 shares in the company, valued at $14,486,909.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ravi Mhatre sold 15,933 shares of the company's stock in a transaction 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. Insiders have sold a total of 297,529 shares of company stock valued at $9,445,527 in the last quarter.

Rubrik Trading Up 7.6 %

Rubrik stock traded up $2.72 during midday trading on Thursday, reaching $38.71. 4,448,427 shares of the company were exchanged, compared to its average volume of 1,508,395. The company's 50-day moving average is $32.91. 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 Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.01). The firm had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. On average, equities analysts predict that Rubrik, Inc. will post -7.95 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on RBRK shares. Barclays lifted their price target on Rubrik from $41.00 to $42.00 and gave the company an "overweight" rating in a research note on Wednesday, June 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $50.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. Baird R W upgraded shares of Rubrik to a "strong-buy" rating in a report on Monday, July 15th. Wells Fargo & Company decreased their price objective on shares of Rubrik from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, September 10th. Finally, CIBC increased their target price on shares of Rubrik from $50.00 to $52.00 and gave the company an "outperformer" rating in a report on Tuesday, September 10th. Sixteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $44.41.

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.