Stephens Investment Management Group LLC Purchases 8,903 Shares of Rubrik, Inc. (NYSE:RBRK)

Stephens Investment Management Group LLC raised its position in Rubrik, Inc. (NYSE:RBRK) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,345 shares of the company’s stock after purchasing an additional 8,903 shares during the period. Stephens Investment Management Group LLC owned 0.15% of Rubrik worth $8,499,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of Rubrik during the 3rd quarter worth $192,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Rubrik during the 3rd quarter worth $208,000. Register Financial Advisors LLC bought a new stake in shares of Rubrik during the 2nd quarter worth $227,000. Sei Investments Co. bought a new stake in shares of Rubrik during the 2nd quarter worth $235,000. Finally, PFG Investments LLC bought a new stake in shares of Rubrik during the 2nd quarter worth $242,000.

Insider Activity

In other news, Director Ravi Mhatre sold 15,933 shares of Rubrik stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CRO Brian K. Mccarthy sold 104,672 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the sale, the executive now owns 462,545 shares of the company’s stock, valued at $14,486,909.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ravi Mhatre sold 15,933 shares of the business’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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 391,412 shares of company stock valued at $13,162,625.

Rubrik Stock Performance

Shares of RBRK opened at $41.37 on Friday. The company’s 50-day moving average is $35.18. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $43.95.

Rubrik (NYSE:RBRK) last announced 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 firm had revenue of $204.95 million for the quarter, compared to analysts’ expectations of $195.58 million. Research analysts expect that Rubrik, Inc. will post -7.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Rubrik from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday. FBN Securities initiated coverage on shares of Rubrik in a research report on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Rubrik from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. BMO Capital Markets decreased their target price on shares of Rubrik from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Citigroup lifted their target price on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Sixteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $45.00.

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.