Natixis Advisors LLC Purchases 40,036 Shares of Rubrik, Inc. (NYSE:RBRK)

Natixis Advisors LLC grew its position in Rubrik, Inc. (NYSE:RBRK) by 302.5% during the third quarter, HoldingsChannel reports. The firm owned 53,271 shares of the company’s stock after buying an additional 40,036 shares during the period. Natixis Advisors LLC’s holdings in Rubrik were worth $1,713,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in Rubrik during the second quarter valued at $47,523,000. Clearbridge Investments LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $32,888,000. Pathway Capital Management LP acquired a new stake in Rubrik during the third quarter worth approximately $23,527,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Rubrik in the third quarter valued at approximately $20,774,000. Finally, EPIQ Capital Group LLC bought a new position in shares of Rubrik during the 2nd quarter worth approximately $15,111,000.

Analyst Ratings Changes

Several analysts have recently weighed in on RBRK shares. FBN Securities assumed coverage on shares of Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price objective for the company. CIBC lifted 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. Wells Fargo & Company cut their price objective 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. BMO Capital Markets decreased their target price on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Finally, Piper Sandler started coverage on Rubrik in a research note on Monday, August 19th. They set an “overweight” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $46.71.

Rubrik Stock Down 1.3 %

RBRK opened at $50.39 on Tuesday. The firm’s fifty day moving average price is $39.06 and its two-hundred day moving average price is $35.07. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $52.75.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The company had revenue of $204.95 million for the quarter, compared to analyst estimates of $195.58 million. Sell-side analysts predict that Rubrik, Inc. will post -8.04 EPS for the current fiscal year.

Insider Activity

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the executive now directly owns 362,545 shares in the company, valued at $18,265,017.10. The trade was a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Barry Eggers sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the transaction, the insider now directly owns 56,736 shares of the company’s stock, valued at $1,857,536.64. This represents a 63.80 % decrease in their ownership of the stock. 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 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.