Mount Yale Investment Advisors LLC Acquires Shares of 6,465 Rubrik, Inc. (NYSE:RBRK)

Mount Yale Investment Advisors LLC bought a new position in Rubrik, Inc. (NYSE:RBRK) during the third quarter, Holdings Channel.com reports. The institutional investor bought 6,465 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik during the 2nd quarter valued at about $47,523,000. Clearbridge Investments LLC purchased a new position in Rubrik during the second quarter worth about $32,888,000. EPIQ Capital Group LLC acquired a new position in Rubrik in the 2nd quarter valued at about $15,111,000. SG Americas Securities LLC acquired a new position in Rubrik in the 3rd quarter valued at about $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Rubrik in the 2nd quarter valued at approximately $7,665,000.

Insider Activity

In related news, CFO Kiran Kumar Choudary sold 7,583 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $40.14, for a total transaction of $304,381.62. Following the completion of the transaction, the chief financial officer now owns 438,560 shares in the company, valued at approximately $17,603,798.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Rubrik news, CRO Brian K. Mccarthy sold 104,672 shares of the firm’s stock in a transaction that occurred 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 sale, the executive now owns 462,545 shares of the company’s stock, valued at approximately $14,486,909.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 7,583 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $40.14, for a total transaction of $304,381.62. Following the sale, the chief financial officer now owns 438,560 shares of the company’s stock, valued at $17,603,798.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 375,912 shares of company stock worth $12,546,185.

Rubrik Stock Up 3.0 %

RBRK opened at $40.57 on Tuesday. The business’s fifty day moving average is $34.69. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $41.33.

Rubrik (NYSE:RBRK) last released its earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to analysts’ expectations of $195.58 million. As a group, research analysts forecast that Rubrik, Inc. will post -7.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wedbush upped their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered their price target on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. FBN Securities assumed coverage on shares of Rubrik in a report on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective on the stock. Citigroup increased their target price on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, CIBC boosted their price target on shares of Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research note on Tuesday, September 10th. Sixteen equities research 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.com, Rubrik presently has a consensus rating of “Buy” and an average price target of $44.65.

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.