DekaBank Deutsche Girozentrale Sells 46,535 Shares of Rubrik, Inc. (NYSE:RBRK)

DekaBank Deutsche Girozentrale reduced its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 44.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,365 shares of the company's stock after selling 46,535 shares during the period. DekaBank Deutsche Girozentrale's holdings in Rubrik were worth $2,041,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RBRK. Quent Capital LLC purchased a new stake in shares of Rubrik during the 3rd quarter worth about $192,000. Mount Yale Investment Advisors LLC purchased a new stake in Rubrik during the 3rd quarter worth $208,000. Register Financial Advisors LLC purchased a new stake in Rubrik during the 2nd quarter worth $227,000. Sei Investments Co. purchased a new position in Rubrik in the second quarter valued at about $235,000. Finally, PFG Investments LLC acquired a new position in shares of Rubrik during the second quarter worth about $242,000.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of recent research reports. Citigroup increased their target price on Rubrik from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. CIBC increased their price objective on shares of Rubrik from $50.00 to $52.00 and gave the company an "outperformer" rating in a research report on Tuesday, September 10th. Robert W. Baird boosted their target price on shares of Rubrik from $42.00 to $48.00 and gave the stock an "outperform" rating in a research report on Thursday. Baird R W raised shares of Rubrik to a "strong-buy" rating in a report on Monday, July 15th. Finally, FBN Securities initiated coverage on shares of Rubrik in a report on Monday, September 30th. They issued an "outperform" rating and a $40.00 price objective on the stock. Sixteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $45.00.

Rubrik Stock Up 0.3 %

NYSE:RBRK traded up $0.12 during mid-day trading on Friday, hitting $41.38. The stock had a trading volume of 1,110,624 shares, compared to its average volume of 1,922,334. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $43.95. The stock's 50 day moving average is $35.18.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million during the quarter, compared to analysts' expectations of $195.58 million. As a group, equities analysts anticipate that Rubrik, Inc. will post -7.94 EPS for the current year.

Insider Activity

In other Rubrik 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 transaction of $3,274,000.00. Following the completion of the transaction, the insider now directly owns 56,736 shares of the company's stock, valued at approximately $1,857,536.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CRO Brian K. Mccarthy sold 104,672 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the transaction, the executive now directly owns 462,545 shares of the company's stock, valued at approximately $14,486,909.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Barry Eggers sold 100,000 shares of Rubrik stock in a transaction on 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 sale, the insider now directly owns 56,736 shares of the company's stock, valued at $1,857,536.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 391,412 shares of company stock worth $13,162,625 over the last three months.

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.