SG Americas Securities LLC Takes $10.20 Million Position in Rubrik, Inc. (NYSE:RBRK)

SG Americas Securities LLC acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 317,261 shares of the company’s stock, valued at approximately $10,200,000. SG Americas Securities LLC owned approximately 0.18% of Rubrik as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Rubrik during the 2nd quarter valued at $7,665,000. Ghisallo Capital Management LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $5,366,000. Clearbridge Investments LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $32,888,000. Millennium Management LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $6,272,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Rubrik during the 2nd quarter valued at about $6,132,000.

Rubrik Price Performance

Shares of RBRK traded up $0.59 during mid-day trading on Friday, reaching $33.19. The stock had a trading volume of 2,560,077 shares, compared to its average volume of 1,456,581. The business’s fifty day moving average price is $33.00. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $40.00.

Rubrik (NYSE:RBRK) last issued 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. Equities analysts anticipate that Rubrik, Inc. will post -7.95 earnings per share for the current year.

Insider Activity at Rubrik

In other news, Director Ravi Mhatre sold 15,933 shares of the 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 sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Ravi Mhatre sold 15,933 shares of the 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $31.25, for a total transaction of $781,250.00. Following the transaction, the executive now directly owns 437,545 shares in the company, valued at $13,673,281.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,529 shares of company stock valued at $9,445,527 over the last 90 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RBRK shares. Truist Financial reaffirmed a “buy” rating and set a $43.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. CIBC boosted their price objective on shares of Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research note on Tuesday, September 10th. Wells Fargo & Company dropped their price objective on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Barclays boosted their price objective on shares of Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, KeyCorp boosted their price objective on shares of Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $44.41.

About Rubrik

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.