16,416 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,416 shares of the company’s stock, valued at approximately $503,000.

Other institutional investors also recently bought and sold shares of the company. Register Financial Advisors LLC bought a new stake in Rubrik in the second quarter worth $227,000. EFG Asset Management North America Corp. bought a new stake in Rubrik in the second quarter worth $925,000. Cisco Systems Inc. bought a new stake in Rubrik in the second quarter worth $5,613,000. ARK Investment Management LLC bought a new stake in Rubrik in the second quarter worth $6,043,000. Finally, Zweig DiMenna Associates LLC purchased a new stake in Rubrik in the second quarter worth $6,730,000.

Rubrik Price Performance

Shares of NYSE RBRK opened at $33.29 on Friday. The business has a 50-day simple moving average of $33.47. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $40.00.

Insiders Place Their Bets

In related news, Director Ravi Mhatre sold 15,933 shares of Rubrik 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler assumed coverage on Rubrik in a research note on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price on the stock. CIBC increased their target price on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research note on Tuesday, September 10th. Baird R W upgraded Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Barclays increased their target price on Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, Citigroup increased their target price on Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Fifteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Rubrik currently has an average rating of “Buy” and a consensus price target of $44.69.

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.