Legacy Capital Group California Inc. Purchases Shares of 75,240 Rubrik, Inc. (NYSE:RBRK)

Legacy Capital Group California Inc. acquired a new position in Rubrik, Inc. (NYSE:RBRK) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 75,240 shares of the company’s stock, valued at approximately $2,419,000. Rubrik makes up 0.8% of Legacy Capital Group California Inc.’s holdings, making the stock its 16th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Dragoneer Investment Group LLC bought a new stake in Rubrik in the second quarter valued at approximately $47,523,000. Clearbridge Investments LLC purchased a new stake in shares of Rubrik during the second quarter worth about $32,888,000. EPIQ Capital Group LLC bought a new stake in shares of Rubrik in the second quarter worth about $15,111,000. SG Americas Securities LLC purchased a new position in Rubrik during the 3rd quarter valued at about $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Rubrik in the 2nd quarter worth approximately $7,665,000.

Analysts Set New Price Targets

A number of brokerages recently commented on RBRK. FBN Securities started coverage on Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 price target for the company. Citigroup raised their price objective on shares of Rubrik from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Wedbush upped 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. Baird R W raised Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Finally, CIBC raised their price objective on Rubrik from $50.00 to $52.00 and gave the company an “outperformer” rating in a research report on Tuesday, September 10th. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $44.65.

Rubrik Trading Up 3.2 %

Shares of Rubrik stock opened at $38.91 on Friday. The business has a fifty day moving average of $34.48. Rubrik, Inc. has a one year low of $28.34 and a one year high of $41.33.

Rubrik (NYSE:RBRK) last released its 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, analysts forecast that Rubrik, Inc. will post -7.94 earnings per share for the current year.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 7,583 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $40.14, for a total value of $304,381.62. Following the completion of the sale, the chief financial officer now owns 438,560 shares in the company, valued at approximately $17,603,798.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Rubrik news, CFO Kiran Kumar Choudary sold 7,583 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $40.14, for a total value of $304,381.62. Following the completion of the transaction, the chief financial officer now directly owns 438,560 shares in the company, valued at $17,603,798.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Brian K. Mccarthy sold 104,672 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $31.32, for a total transaction of $3,278,327.04. Following the transaction, the executive now owns 462,545 shares of the company’s stock, valued at approximately $14,486,909.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,912 shares of company stock worth $12,546,185.

Rubrik Company 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.