Octahedron Capital Management L.P. Takes Position in Rubrik, Inc. (NYSE:RBRK)

Octahedron Capital Management L.P. purchased a new stake in Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to its most recent filing with the SEC. The fund purchased 161,000 shares of the company’s stock, valued at approximately $4,936,000. Rubrik comprises 5.0% of Octahedron Capital Management L.P.’s portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. acquired a new position in Rubrik during the 2nd quarter worth $235,000. EPIQ Capital Group LLC bought a new stake in shares of Rubrik in the 2nd quarter worth $15,111,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Rubrik in the 2nd quarter worth $3,270,000. PFG Investments LLC acquired a new stake in shares of Rubrik during the second quarter worth $242,000. Finally, Liberty Street Advisors Inc. acquired a new stake in shares of Rubrik during the second quarter worth $4,117,000.

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 15,933 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RBRK shares. Guggenheim reaffirmed a “buy” rating and set a $48.00 target price on shares of Rubrik in a research report on Tuesday, June 25th. Baird R W raised Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Wells Fargo & Company dropped their price target on Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Truist Financial reissued a “buy” rating and set a $43.00 price target on shares of Rubrik in a research report on Tuesday, September 10th. Finally, Robert W. Baird initiated coverage on Rubrik in a research report on Monday, July 15th. They set an “outperform” rating and a $42.00 price target on the stock. Fifteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $44.69.

Rubrik Stock Up 1.8 %

RBRK opened at $33.29 on Friday. The business’s 50-day moving average is $33.47. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $40.00.

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.