KBC Group NV Buys Shares of 2,249 Rubrik, Inc. (NYSE:RBRK)

KBC Group NV purchased a new position in Rubrik, Inc. (NYSE:RBRK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,249 shares of the company’s stock, valued at approximately $72,000.

Several other institutional investors have also made changes to their positions in RBRK. Quent Capital LLC bought a new stake in Rubrik in the third quarter worth $192,000. Mount Yale Investment Advisors LLC acquired a new stake in Rubrik in the 3rd quarter valued at approximately $208,000. Register Financial Advisors LLC acquired a new position in Rubrik during the 2nd quarter valued at $227,000. Sei Investments Co. bought a new stake in shares of Rubrik in the second quarter valued at about $235,000. Finally, PFG Investments LLC acquired a new position in shares of Rubrik in the second quarter valued at $242,000.

Insider Buying and Selling

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the transaction, the executive now owns 362,545 shares of the company’s stock, valued at $18,265,017.10. The trade was a 6.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $39.40, for a total value of $59,100.00. Following the sale, the chief financial officer now directly owns 423,060 shares in the company, valued at $16,668,564. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 491,312 shares of company stock valued at $17,657,062 over the last three months.

Rubrik Stock Up 4.2 %

Shares of RBRK opened at $51.19 on Friday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $51.58. The stock’s fifty day simple moving average is $38.27 and its 200-day simple moving average is $34.82.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The business had revenue of $204.95 million for the quarter, compared to analysts’ expectations of $195.58 million. As a group, sell-side analysts predict that Rubrik, Inc. will post -8.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RBRK shares. BMO Capital Markets decreased their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Barclays increased their target price on Rubrik from $42.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial upped their price target on Rubrik from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. KeyCorp boosted their target price on shares of Rubrik from $48.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wells Fargo & Company reduced their price target on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $46.71.

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.