Rubrik, Inc. (NYSE:RBRK) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 140.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,029 shares of the company’s stock after acquiring an additional 7,029 shares during the quarter. Barclays PLC’s holdings in Rubrik were worth $386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. acquired a new position in shares of Rubrik in the 3rd quarter valued at approximately $25,000. KBC Group NV bought a new stake in shares of Rubrik in the third quarter worth $72,000. Quent Capital LLC acquired a new stake in Rubrik in the third quarter valued at $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik during the 3rd quarter valued at $208,000. Finally, Whalen Wealth Management Inc. acquired a new position in Rubrik during the 3rd quarter worth $243,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

Shares of RBRK stock opened at $66.90 on Friday. The business has a 50 day simple moving average of $55.55 and a 200 day simple moving average of $41.21. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $75.79.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 7,583 shares of Rubrik stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $40.14, for a total transaction of $304,381.62. Following the transaction, the chief financial officer now directly owns 438,560 shares in the company, valued at approximately $17,603,798.40. This trade represents a 1.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $67.06, for a total value of $1,676,500.00. Following the completion of the sale, the executive now directly owns 321,560 shares in the company, valued at $21,563,813.60. This represents a 7.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,241 shares of company stock valued at $17,618,308.

Analysts Set New Price Targets

RBRK has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of Rubrik from $48.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Wedbush increased their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. KeyCorp lifted their target price on Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Mizuho upped their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird lifted their price objective on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $64.11.

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.