172,760 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 172,760 shares of the company’s stock, valued at approximately $5,297,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Register Financial Advisors LLC purchased a new stake in shares of Rubrik during the 2nd quarter worth $227,000. Sei Investments Co. bought a new position in Rubrik in the second quarter worth about $235,000. PFG Investments LLC bought a new position in Rubrik in the second quarter worth about $242,000. Natixis Advisors LLC bought a new position in Rubrik in the second quarter worth about $406,000. Finally, Bank of Montreal Can bought a new position in Rubrik in the second quarter worth about $427,000.

Rubrik Stock Down 2.5 %

Shares of RBRK stock opened at $31.36 on Wednesday. The company has a 50-day moving average of $33.14. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $40.00.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 51,924 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.41, for a total value of $1,630,932.84. Following the completion of the transaction, the chief financial officer now owns 493,360 shares of the company’s stock, valued at approximately $15,496,437.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Kiran Kumar Choudary sold 51,924 shares of Rubrik stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $31.41, for a total value of $1,630,932.84. Following the completion of the transaction, the chief financial officer now owns 493,360 shares in the company, valued at approximately $15,496,437.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Barry Eggers sold 100,000 shares of Rubrik stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $32.74, for a total value of $3,274,000.00. Following the completion of the transaction, the insider now owns 56,736 shares of the company’s stock, valued at approximately $1,857,536.64. The disclosure for this sale can be found here. Insiders sold a total of 272,529 shares of company stock valued at $8,664,277 in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RBRK shares. Piper Sandler started coverage on Rubrik in a research report on Monday, August 19th. They set an “overweight” rating and a $42.00 price target on the stock. Truist Financial reissued a “buy” rating and issued a $43.00 price objective on shares of Rubrik in a research report on Tuesday, September 10th. CIBC raised their price objective on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Guggenheim reissued a “buy” rating and issued a $48.00 price objective on shares of Rubrik in a research report on Tuesday, June 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 price objective on shares of Rubrik 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 company. According to data from MarketBeat, Rubrik has a consensus rating of “Buy” and an average target price of $44.41.

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.