Rubrik, Inc. (NYSE:RBRK) Stock Holdings Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,552,035 shares of the company’s stock after selling 144,866 shares during the period. JPMorgan Chase & Co. owned 0.84% of Rubrik worth $49,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBRK. Dragoneer Investment Group LLC acquired a new position in shares of Rubrik during the second quarter valued at $47,523,000. Champlain Investment Partners LLC acquired a new position in Rubrik during the 3rd quarter valued at about $44,418,000. Point72 Asset Management L.P. acquired a new stake in shares of Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP bought a new stake in shares of Rubrik during the third quarter valued at approximately $40,466,000. Finally, Institutional Venture Management XV LLC boosted its position in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after buying an additional 1,131,360 shares during the period. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Price Performance

NYSE:RBRK opened at $66.90 on Friday. The business’s fifty day moving average price is $55.55 and its 200 day moving average price is $41.28. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79.

Analyst Ratings Changes

Several brokerages have weighed in on RBRK. Barclays lifted their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company increased their target price on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Mizuho upped their price target on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Cantor Fitzgerald boosted their target price on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Oppenheimer began coverage on Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating for the company. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $64.11.

Insider Buying and Selling at Rubrik

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $41.39, for a total value of $1,034,750.00. Following the transaction, the executive now directly owns 387,545 shares of the company’s stock, valued at $16,040,487.55. This represents a 6.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,973 shares of Rubrik stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total value of $287,406.82. Following the sale, the chief financial officer now owns 345,374 shares of the company’s stock, valued at approximately $24,984,355.16. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,241 shares of company stock valued at $17,618,308 in the last 90 days.

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.