Diversify Wealth Management LLC purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 56,250 shares of the company's stock, valued at approximately $1,808,000.
A number of other institutional investors also recently bought and sold shares of RBRK. Dragoneer Investment Group LLC purchased a new position in Rubrik in the second quarter worth about $47,523,000. Clearbridge Investments LLC purchased a new position in Rubrik in the 2nd quarter worth approximately $32,888,000. EPIQ Capital Group LLC bought a new position in Rubrik in the 2nd quarter valued at approximately $15,111,000. SG Americas Securities LLC purchased a new stake in Rubrik during the 3rd quarter valued at $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Rubrik in the 2nd quarter worth $7,665,000.
Wall Street Analyst Weigh In
A number of research firms have commented on RBRK. Truist Financial reaffirmed a "buy" rating and issued a $43.00 target price on shares of Rubrik in a research report on Tuesday, September 10th. CIBC lifted their price target on shares of Rubrik from $50.00 to $52.00 and gave the stock an "outperformer" rating in a research note on Tuesday, September 10th. Baird R W upgraded Rubrik to a "strong-buy" rating in a research note on Monday, July 15th. Wedbush lifted their target price on Rubrik from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets lowered their price objective on Rubrik from $40.00 to $38.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. Sixteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $45.00.
View Our Latest Report on Rubrik
Rubrik Stock Down 3.6 %
NYSE RBRK traded down $1.55 on Thursday, reaching $41.05. 864,993 shares of the stock traded hands, compared to its average volume of 1,519,256. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $43.95. The stock's fifty day simple moving average is $34.95.
Rubrik (NYSE:RBRK - Get Free Report) last issued its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. On average, research analysts expect that Rubrik, Inc. will post -7.94 earnings per share for the current year.
Insiders Place Their Bets
In other news, CFO Kiran Kumar Choudary sold 14,000 shares of Rubrik stock in a transaction on Friday, October 25th. The stock was sold at an average price of $39.81, for a total value of $557,340.00. Following the transaction, the chief financial officer now directly owns 424,560 shares in the company, valued at approximately $16,901,733.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Barry Eggers sold 100,000 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the transaction, the insider now owns 56,736 shares in the company, valued at $1,857,536.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 14,000 shares of Rubrik stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $39.81, for a total transaction of $557,340.00. Following the completion of the sale, the chief financial officer now owns 424,560 shares of the company's stock, valued at $16,901,733.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 391,412 shares of company stock worth $13,162,625 over the last 90 days.
Rubrik Company Profile
(
Free Report)
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.
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