Maverick Capital Ltd. Takes $6.13 Million Position in Rubrik, Inc. (NYSE:RBRK)

Maverick Capital Ltd. bought a new position in Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $6,132,000. Maverick Capital Ltd. owned approximately 0.11% of Rubrik as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in RBRK. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik during the 2nd quarter valued at $47,523,000. Squarepoint Ops LLC acquired a new position in shares of Rubrik during the second quarter valued at about $5,340,000. Sandia Investment Management LP bought a new position in shares of Rubrik during the 2nd quarter worth about $465,000. Institutional Venture Management XV LLC acquired a new stake in shares of Rubrik in the 2nd quarter valued at about $958,000. Finally, Marshall Wace LLP bought a new stake in Rubrik in the 2nd quarter valued at about $5,297,000.

Insider Activity

In related news, Director Ravi Mhatre sold 15,933 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Rubrik news, major shareholder Barry Eggers sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was 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 directly owns 56,736 shares of the company’s stock, valued at $1,857,536.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ravi Mhatre sold 15,933 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $50.00 price target on shares of Rubrik in a report on Tuesday, September 10th. Wedbush reduced their price target on shares of Rubrik from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. KeyCorp upped their price objective on shares of Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Truist Financial reiterated a “buy” rating and set a $43.00 price objective on shares of Rubrik in a report on Tuesday, September 10th. Finally, Wells Fargo & Company lowered their target price on shares of 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $44.69.

Rubrik Stock Performance

Shares of Rubrik stock opened at $31.76 on Friday. The stock’s fifty day simple moving average is $33.33. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month 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.