Natixis Advisors LLC Has $1.71 Million Position in Rubrik, Inc. (NYSE:RBRK)

Natixis Advisors LLC boosted its holdings in Rubrik, Inc. (NYSE:RBRK) by 302.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,271 shares of the company’s stock after acquiring an additional 40,036 shares during the period. Natixis Advisors LLC’s holdings in Rubrik were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV bought a new position in shares of Rubrik in the third quarter valued at about $72,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Rubrik in the 3rd quarter valued at about $20,774,000. Pathway Capital Management LP bought a new position in Rubrik in the 3rd quarter valued at about $23,527,000. ARK Investment Management LLC lifted its position in Rubrik by 113.6% during the third quarter. ARK Investment Management LLC now owns 420,932 shares of the company’s stock worth $13,533,000 after acquiring an additional 223,850 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in Rubrik by 3.5% during the third quarter. Stephens Investment Management Group LLC now owns 264,345 shares of the company’s stock worth $8,499,000 after acquiring an additional 8,903 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RBRK shares. Guggenheim increased their target price on Rubrik from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company dropped their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Robert W. Baird upped their price target on shares of Rubrik from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wedbush lifted their price objective on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Citigroup boosted their price objective on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $46.71.

Insider Transactions at Rubrik

In other Rubrik news, 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 transaction, the insider now directly owns 56,736 shares in the company, valued at approximately $1,857,536.64. This represents a 63.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction on Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 491,312 shares of company stock worth $17,657,062.

Rubrik Trading Down 1.3 %

Rubrik stock opened at $50.39 on Tuesday. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $52.75. The business’s 50-day moving average price is $39.06 and its two-hundred day moving average price is $35.07.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Monday, September 9th. The company reported ($0.97) earnings per share (EPS) 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 the consensus estimate of $195.58 million. As a group, equities research analysts forecast that Rubrik, Inc. will post -8.04 EPS for the current year.

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.