Marshall Wace LLP Makes New $5.30 Million Investment in Rubrik, Inc. (NYSE:RBRK)

Marshall Wace LLP purchased a new position in Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 172,760 shares of the company’s stock, valued at approximately $5,297,000. Marshall Wace LLP owned approximately 0.10% of Rubrik as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Davidson Kempner Capital Management LP purchased a new stake in Rubrik in the second quarter worth about $2,606,000. ARK Investment Management LLC purchased a new stake in shares of Rubrik during the second quarter worth about $6,043,000. EPIQ Capital Group LLC purchased a new stake in shares of Rubrik during the second quarter worth about $15,111,000. Octahedron Capital Management L.P. purchased a new stake in shares of Rubrik during the second quarter worth about $4,936,000. Finally, Liberty Street Advisors Inc. purchased a new stake in shares of Rubrik during the second quarter worth about $4,117,000.

Rubrik Price Performance

NYSE:RBRK opened at $31.36 on Wednesday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $40.00. The company has a 50 day moving average of $33.14.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays increased their target price on Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Wells Fargo & Company cut their target price on Rubrik from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Baird R W upgraded Rubrik to a “strong-buy” rating in a research report on Monday, July 15th. Robert W. Baird began coverage on Rubrik in a report on Monday, July 15th. They set an “outperform” rating and a $42.00 price target for the company. Finally, Guggenheim restated a “buy” rating and set a $48.00 price target on shares of Rubrik in a report on Tuesday, June 25th. Sixteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $44.41.

Insider Buying and Selling

In related news, major shareholder Barry Eggers sold 100,000 shares of the firm’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 transaction of $3,274,000.00. Following the completion of the sale, the insider now directly owns 56,736 shares of the company’s stock, valued at approximately $1,857,536.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Barry Eggers sold 100,000 shares of the firm’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 transaction of $3,274,000.00. Following the completion of the sale, the insider now directly owns 56,736 shares of the company’s stock, valued at approximately $1,857,536.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction on Friday, September 13th. The stock was 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 three months, insiders sold 272,529 shares of company stock valued at $8,664,277.

About Rubrik

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.