43,509 Shares in Rubrik, Inc. (NYSE:RBRK) Purchased by Interval Partners LP

Interval Partners LP bought a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 43,509 shares of the company’s stock, valued at approximately $1,334,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new position in Rubrik during the second quarter valued at approximately $227,000. Sei Investments Co. acquired a new stake in shares of Rubrik during the 2nd quarter valued at $235,000. PFG Investments LLC purchased a new position in shares of Rubrik during the 2nd quarter valued at $242,000. Natixis Advisors LLC acquired a new position in shares of Rubrik in the second quarter worth $406,000. Finally, Bank of Montreal Can acquired a new stake in Rubrik during the second quarter valued at $427,000.

Insider Buying and Selling at Rubrik

In other Rubrik news, major shareholder Barry Eggers sold 100,000 shares of Rubrik stock in a transaction 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 sale, the insider now owns 56,736 shares in the company, valued at $1,857,536.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Barry Eggers sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total value of $3,274,000.00. Following the completion of the sale, the insider now owns 56,736 shares in the company, valued at $1,857,536.64. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBRK. Robert W. Baird started coverage on Rubrik in a research note on Monday, July 15th. They set an “outperform” rating and a $42.00 price target for the company. Piper Sandler started coverage on shares of Rubrik in a research note on Monday, August 19th. They issued an “overweight” rating and a $42.00 target price for the company. Wedbush dropped their price target on shares of Rubrik from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Baird R W upgraded shares of Rubrik to a “strong-buy” rating in a report on Monday, July 15th. Finally, Wells Fargo & Company cut their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Fifteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $44.69.

Rubrik Price Performance

Shares of RBRK opened at $33.38 on Tuesday. The company’s 50-day moving average is $33.45. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $40.00.

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.