Ensign Peak Advisors Inc Purchases Shares of 205,059 Rubrik, Inc. (NYSE:RBRK)

Ensign Peak Advisors Inc acquired a new position in Rubrik, Inc. (NYSE:RBRK) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 205,059 shares of the company’s stock, valued at approximately $6,287,000. Ensign Peak Advisors Inc owned 0.11% of Rubrik at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Register Financial Advisors LLC acquired a new position in Rubrik during the second quarter valued at approximately $227,000. Zweig DiMenna Associates LLC acquired a new position in shares of Rubrik during the 2nd quarter valued at $6,730,000. EFG Asset Management North America Corp. purchased a new stake in Rubrik during the 2nd quarter worth $925,000. ARK Investment Management LLC acquired a new stake in Rubrik in the 2nd quarter valued at $6,043,000. Finally, Cisco Systems Inc. purchased a new position in Rubrik in the second quarter valued at about $5,613,000.

Rubrik Trading Down 6.1 %

Shares of RBRK opened at $31.51 on Thursday. The stock’s fifty day moving average price is $33.38. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $40.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. 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. Wedbush dropped their price objective on shares of Rubrik from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Barclays upped their target price on shares of Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. KeyCorp lifted their price target on shares of Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, Robert W. Baird began coverage on shares of Rubrik in a research report on Monday, July 15th. They issued an “outperform” rating and a $42.00 price objective for the company. Fifteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $44.69.

Insider Transactions at Rubrik

In related news, major shareholder Barry Eggers sold 100,000 shares of the business’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 completion of the sale, the insider now owns 56,736 shares of the company’s stock, valued at approximately $1,857,536.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Barry Eggers sold 100,000 shares of the company’s 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 in the company, valued at approximately $1,857,536.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ravi Mhatre sold 15,933 shares of the 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.

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.