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

Legacy Capital Group California Inc. acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75,240 shares of the company’s stock, valued at approximately $2,419,000. Rubrik comprises approximately 0.8% of Legacy Capital Group California Inc.’s holdings, making the stock its 16th biggest position.

Several other large investors have also bought and sold shares of RBRK. Renaissance Capital LLC grew its holdings in shares of Rubrik by 190.1% during the third quarter. Renaissance Capital LLC now owns 60,061 shares of the company’s stock worth $1,931,000 after purchasing an additional 39,354 shares during the last quarter. Diversified Trust Co bought a new stake in Rubrik during the 3rd quarter worth approximately $432,000. Quent Capital LLC acquired a new position in Rubrik in the 3rd quarter valued at approximately $192,000. SG Americas Securities LLC bought a new position in shares of Rubrik during the third quarter valued at $10,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Rubrik during the second quarter worth $7,665,000.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 7,583 shares of Rubrik stock in a transaction dated Thursday, October 17th. The shares were 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 owns 438,560 shares in the company, valued at $17,603,798.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kiran Kumar Choudary sold 7,583 shares of the firm’s 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 transaction, the chief financial officer now directly owns 438,560 shares of the company’s stock, valued at $17,603,798.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 375,912 shares of company stock worth $12,546,185.

Rubrik Price Performance

RBRK stock opened at $38.91 on Friday. The firm has a 50 day simple moving average of $34.48. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $41.33.

Rubrik (NYSE:RBRK) last issued its quarterly 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 company had revenue of $204.95 million for the quarter, compared to the consensus estimate of $195.58 million. Analysts anticipate that Rubrik, Inc. will post -7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RBRK. Robert W. Baird assumed coverage on shares of Rubrik in a report on Monday, July 15th. They set an “outperform” rating and a $42.00 price target for the company. Baird R W upgraded shares of Rubrik to a “strong-buy” rating in a report on Monday, July 15th. BMO Capital Markets decreased their price target on Rubrik from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Wedbush boosted their price objective on Rubrik from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company decreased their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Sixteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $44.65.

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.