Healthcare of Ontario Pension Plan Trust Fund Invests $7.67 Million in Rubrik, Inc. (NYSE:RBRK)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 250,000 shares of the company’s stock, valued at approximately $7,665,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.14% of Rubrik as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Register Financial Advisors LLC acquired a new position in shares of Rubrik in the second quarter valued at approximately $227,000. Sei Investments Co. acquired a new position in shares of Rubrik in the second quarter valued at approximately $235,000. PFG Investments LLC acquired a new position in shares of Rubrik in the second quarter valued at approximately $242,000. Natixis Advisors LLC acquired a new position in shares of Rubrik in the second quarter valued at approximately $406,000. Finally, Bank of Montreal Can acquired a new position in shares of Rubrik in the second quarter valued at approximately $427,000.

Rubrik Stock Up 1.8 %

Shares of NYSE:RBRK opened at $33.19 on Friday. The stock’s 50-day moving average price is $33.04. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $40.00.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Monday, September 9th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.01). The business had revenue of $204.95 million during the quarter, compared to the consensus estimate of $195.58 million. Research analysts predict that Rubrik, Inc. will post -7.95 EPS for the current fiscal year.

Insiders Place Their Bets

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 sale, the insider now owns 56,736 shares of the company’s stock, valued at $1,857,536.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Rubrik news, Director Ravi Mhatre sold 15,933 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $30.19, for a total transaction of $481,017.27. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Barry Eggers sold 100,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 56,736 shares in the company, valued at approximately $1,857,536.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,529 shares of company stock worth $9,445,527 over the last three months.

Analyst Ratings Changes

A number of research firms recently weighed in on RBRK. Piper Sandler began coverage on Rubrik in a research note on Monday, August 19th. They issued an “overweight” rating and a $42.00 price target on the stock. Citigroup lifted their price target on Rubrik from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Barclays lifted their price target on Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Baird R W upgraded Rubrik to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Guggenheim restated a “buy” rating and issued a $48.00 price target on shares of Rubrik in a research note on Tuesday, June 25th. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Rubrik has an average rating of “Buy” and a consensus target price of $44.41.

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.