Stephens Investment Management Group LLC Acquires 8,903 Shares of Rubrik, Inc. (NYSE:RBRK)

Stephens Investment Management Group LLC lifted its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 3.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 264,345 shares of the company’s stock after acquiring an additional 8,903 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Rubrik were worth $8,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Quent Capital LLC bought a new position in Rubrik during the 3rd quarter valued at about $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik during the third quarter valued at approximately $208,000. Register Financial Advisors LLC bought a new position in Rubrik during the second quarter valued at approximately $227,000. Sei Investments Co. bought a new stake in Rubrik in the 2nd quarter worth approximately $235,000. Finally, PFG Investments LLC purchased a new stake in Rubrik during the 2nd quarter valued at $242,000.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 1,500 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $39.40, for a total transaction of $59,100.00. Following the completion of the transaction, the chief financial officer now directly owns 423,060 shares of the company’s stock, valued at approximately $16,668,564. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CRO Brian K. Mccarthy sold 104,672 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive now directly owns 462,545 shares of the company’s stock, valued at approximately $14,486,909.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $39.40, for a total value of $59,100.00. Following the transaction, the chief financial officer now directly owns 423,060 shares of the company’s stock, valued at approximately $16,668,564. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 391,412 shares of company stock worth $13,162,625 in the last three months.

Rubrik Stock Up 0.3 %

Shares of NYSE:RBRK opened at $41.37 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $43.95. The company’s 50 day moving average is $35.18.

Rubrik (NYSE:RBRK) last posted its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to analyst estimates of $195.58 million. On average, sell-side analysts expect that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Analysts Set New Price Targets

RBRK has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. FBN Securities assumed coverage on Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 price target for the company. Wedbush upped their price target on shares of Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup upped their price target on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Robert W. Baird upped their price target on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Rubrik has a consensus rating of “Buy” and an average price target of $45.00.

Rubrik 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.