Diversified Trust Co Makes New Investment in Rubrik, Inc. (NYSE:RBRK)

Diversified Trust Co purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,425 shares of the company's stock, valued at approximately $432,000.

Several other institutional investors also recently bought and sold shares of the business. Dragoneer Investment Group LLC acquired a new stake in shares of Rubrik in the second quarter valued at about $47,523,000. Clearbridge Investments LLC acquired a new stake in Rubrik in the second quarter valued at approximately $32,888,000. EPIQ Capital Group LLC acquired a new stake in Rubrik in the second quarter valued at approximately $15,111,000. SG Americas Securities LLC purchased a new stake in shares of Rubrik during the third quarter valued at approximately $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Rubrik in the second quarter valued at $7,665,000.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Rubrik from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 10th. FBN Securities initiated coverage on Rubrik in a report on Monday, September 30th. They issued an "outperform" rating and a $40.00 price target for the company. CIBC raised their price objective on Rubrik from $50.00 to $52.00 and gave the company an "outperformer" rating in a research note on Tuesday, September 10th. Cantor Fitzgerald reiterated an "overweight" rating and set a $50.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. Finally, Guggenheim reissued a "buy" rating and set a $48.00 price target on shares of Rubrik in a research report on Tuesday, June 25th. Sixteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $44.41.

Rubrik Stock Up 2.1 %

RBRK stock traded up $0.83 during midday trading on Friday, reaching $39.54. The company had a trading volume of 3,311,324 shares, compared to its average volume of 1,525,046. The stock's 50 day moving average price is $33.16. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $40.36.

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

Insider Transactions at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $31.25, for a total value of $781,250.00. Following the sale, the executive now directly owns 437,545 shares in the company, valued at $13,673,281.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $31.25, for a total value of $781,250.00. Following the sale, the executive now directly owns 437,545 shares in the company, valued at $13,673,281.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal 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 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. Over the last quarter, insiders sold 297,529 shares of company stock worth $9,445,527.

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.