Institutional Venture Management XV LLC Purchases New Shares in Rubrik, Inc. (NYSE:RBRK)

Institutional Venture Management XV LLC acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,250 shares of the company’s stock, valued at approximately $958,000. Rubrik makes up about 0.7% of Institutional Venture Management XV LLC’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new stake in shares of Rubrik during the 2nd quarter valued at $227,000. Sei Investments Co. purchased a new position in Rubrik in the second quarter valued at about $235,000. PFG Investments LLC bought a new position in shares of Rubrik during the 2nd quarter valued at approximately $242,000. Natixis Advisors LLC purchased a new stake in shares of Rubrik during the 2nd quarter worth approximately $406,000. Finally, Bank of Montreal Can purchased a new position in Rubrik in the second quarter valued at approximately $427,000.

Insiders Place Their Bets

In other news, major shareholder Barry Eggers sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $32.74, for a total transaction of $3,274,000.00. Following the sale, the insider now owns 56,736 shares in the company, valued at approximately $1,857,536.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Barry Eggers sold 100,000 shares of the company’s stock in a transaction dated 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 directly owns 56,736 shares in the company, valued at approximately $1,857,536.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ravi Mhatre sold 15,933 shares of the firm’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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RBRK shares. Baird R W raised Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Barclays upped their price objective on shares of Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Citigroup boosted their price target on shares of Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Robert W. Baird assumed coverage on shares of Rubrik in a report on Monday, July 15th. They issued an “outperform” rating and a $42.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $50.00 target price on shares of Rubrik in a report on Tuesday, September 10th. Fifteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Rubrik has a consensus rating of “Buy” and a consensus target price of $44.69.

Rubrik Trading Up 0.7 %

RBRK stock opened at $33.59 on Wednesday. The stock has a 50 day moving average of $33.44. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $40.00.

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.