DekaBank Deutsche Girozentrale Makes New Investment in Rubrik, Inc. (NYSE:RBRK)

DekaBank Deutsche Girozentrale acquired a new position in Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 104,900 shares of the company’s stock, valued at approximately $3,270,000. DekaBank Deutsche Girozentrale owned 0.06% of Rubrik as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new stake in shares of Rubrik in the second quarter valued at approximately $227,000. PFG Investments LLC bought a new stake in shares of Rubrik in the second quarter valued at approximately $242,000. Natixis Advisors LLC bought a new stake in shares of Rubrik in the second quarter valued at approximately $406,000. Commonwealth Equity Services LLC bought a new stake in shares of Rubrik in the second quarter valued at approximately $503,000. Finally, EFG Asset Management North America Corp. bought a new stake in shares of Rubrik in the second quarter valued at approximately $925,000.

Rubrik Price Performance

NYSE:RBRK opened at $31.54 on Thursday. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $40.00. The firm’s fifty day moving average price is $33.52.

Insiders Place Their Bets

In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $30.19, for a total value of $481,017.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird assumed coverage on shares of Rubrik in a research note on Monday, July 15th. They set an “outperform” rating and a $42.00 price objective for the company. Truist Financial reissued a “buy” rating and issued a $43.00 price target on shares of Rubrik in a research note on Tuesday, September 10th. KeyCorp boosted their price target on shares of Rubrik from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Baird R W raised shares of Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Barclays boosted their price target on shares of Rubrik from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Fifteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Rubrik has a consensus rating of “Buy” and a consensus price target of $44.69.

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.