Ghisallo Capital Management LLC Takes $5.37 Million Position in Rubrik, Inc. (NYSE:RBRK)

Ghisallo Capital Management LLC acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the second quarter, HoldingsChannel reports. The fund acquired 175,000 shares of the company’s stock, valued at approximately $5,366,000.

Several other institutional investors also recently bought and sold shares of RBRK. Clearbridge Investments LLC bought a new stake in Rubrik during the 2nd quarter valued at $32,888,000. Millennium Management LLC purchased a new stake in shares of Rubrik during the second quarter valued at about $6,272,000. Maverick Capital Ltd. bought a new stake in shares of Rubrik in the 2nd quarter valued at about $6,132,000. Dragoneer Investment Group LLC purchased a new position in shares of Rubrik in the 2nd quarter worth approximately $47,523,000. Finally, Squarepoint Ops LLC bought a new position in shares of Rubrik during the 2nd quarter worth approximately $5,340,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RBRK shares. Citigroup lifted their price target on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Baird R W raised Rubrik to a “strong-buy” rating in a report on Monday, July 15th. Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 target price on shares of Rubrik in a research report on Tuesday, September 10th. BMO Capital Markets lowered their price objective on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Robert W. Baird started coverage on Rubrik in a research report on Monday, July 15th. They issued an “outperform” rating and a $42.00 target price on the stock. Sixteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $44.41.

Rubrik Stock Down 2.5 %

NYSE:RBRK opened at $31.36 on Wednesday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $40.00. The business’s fifty day moving average is $33.14.

Insider Buying and Selling

In other news, CRO Brian K. Mccarthy sold 104,672 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $31.32, for a total value of $3,278,327.04. Following the transaction, the executive now owns 462,545 shares in the company, valued at $14,486,909.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CRO Brian K. Mccarthy sold 104,672 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the completion of the sale, the executive now owns 462,545 shares of the company’s stock, valued at $14,486,909.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ravi Mhatre sold 15,933 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,529 shares of company stock worth $8,664,277.

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.