Barclays PLC Boosts Holdings in Rubrik, Inc. (NYSE:RBRK)

Barclays PLC grew its position in Rubrik, Inc. (NYSE:RBRK) by 140.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in shares of Rubrik in the second quarter worth approximately $503,000. Sei Investments Co. bought a new position in Rubrik in the 2nd quarter valued at $235,000. Octahedron Capital Management L.P. purchased a new stake in Rubrik in the second quarter worth $4,936,000. Ensign Peak Advisors Inc bought a new stake in shares of Rubrik during the second quarter worth $6,287,000. Finally, American International Group Inc. purchased a new stake in shares of Rubrik during the second quarter valued at $1,118,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald lifted their price objective on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. KeyCorp lifted their price target on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Mizuho increased their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. FBN Securities started coverage on Rubrik in a research report on Monday, September 30th. They set an “outperform” rating and a $40.00 target price for the company. Finally, Truist Financial increased their price target on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two investment 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 stock. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Buy” and an average target price of $64.67.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 227,596 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $64.89, for a total transaction of $14,768,704.44. Following the completion of the transaction, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $14,229,014.31. This trade represents a 50.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 1,500 shares of Rubrik stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $39.40, for a total transaction of $59,100.00. Following the sale, the chief financial officer now owns 423,060 shares of the company’s stock, valued at approximately $16,668,564. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 626,055 shares of company stock worth $38,276,205.

Rubrik Trading Down 0.8 %

RBRK stock opened at $67.68 on Friday. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $75.79. The firm has a 50 day moving average of $60.17 and a 200 day moving average of $43.76.

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.