Rubrik, Inc. (NYSE:RBRK) Shares Sold by Fmr LLC

Fmr LLC cut its holdings in Rubrik, Inc. (NYSE:RBRK) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,196,481 shares of the company’s stock after selling 71,419 shares during the period. Fmr LLC owned 0.66% of Rubrik worth $38,467,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RBRK. Brown Brothers Harriman & Co. purchased a new stake in Rubrik in the 3rd quarter valued at about $25,000. KBC Group NV acquired a new stake in shares of Rubrik in the third quarter worth approximately $72,000. Quent Capital LLC purchased a new stake in Rubrik in the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the third quarter worth approximately $208,000. Finally, Whalen Wealth Management Inc. purchased a new position in Rubrik during the third quarter worth approximately $243,000.

Insider Transactions at Rubrik

In other news, major shareholder Barry Eggers sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 56,736 shares of the company’s stock, valued at $1,857,536.64. This represents a 63.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ravi Mhatre sold 15,933 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were 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 574,912 shares of company stock worth $22,673,114.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Robert W. Baird upped their price objective on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays upped their price target on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets lifted their price objective on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday. Wedbush boosted their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Guggenheim raised their price target on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $60.59.

Rubrik Stock Performance

Shares of RBRK opened at $64.63 on Monday. The firm has a 50 day simple moving average of $42.65 and a two-hundred day simple moving average of $36.20. Rubrik, Inc. has a one year low of $28.34 and a one year high of $72.66.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.97) 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 analyst estimates of $195.58 million. On average, analysts expect that Rubrik, Inc. will post -8.04 EPS for the current fiscal 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.