Diversify Wealth Management LLC Takes Position in Rubrik, Inc. (NYSE:RBRK)

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.

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

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.