161,000 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Octahedron Capital Management L.P.

Octahedron Capital Management L.P. bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 161,000 shares of the company’s stock, valued at approximately $4,936,000. Rubrik accounts for about 5.0% of Octahedron Capital Management L.P.’s holdings, making the stock its 11th largest holding. Octahedron Capital Management L.P. owned about 0.09% of Rubrik at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in shares of Rubrik in the second quarter valued at approximately $235,000. EPIQ Capital Group LLC purchased a new position in shares of Rubrik in the second quarter valued at $15,111,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Rubrik in the second quarter valued at $3,270,000. PFG Investments LLC purchased a new position in shares of Rubrik in the second quarter valued at $242,000. Finally, Liberty Street Advisors Inc. purchased a new position in shares of Rubrik in the second quarter valued at $4,117,000.

Rubrik Trading Up 1.8 %

Shares of NYSE:RBRK opened at $33.29 on Friday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $40.00. The company’s 50-day moving average is $33.47.

Insider Activity at Rubrik

In related news, Director Ravi Mhatre sold 15,933 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RBRK shares. KeyCorp raised their price target on Rubrik from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Baird R W raised Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Guggenheim reaffirmed a “buy” rating and set a $48.00 price objective on shares of Rubrik in a research note on Tuesday, June 25th. Wedbush decreased their price objective on Rubrik from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, BMO Capital Markets decreased their price objective on Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Fifteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.