Rhumbline Advisers Acquires Shares of 980 Rubrik, Inc. (NYSE:RBRK)

Rhumbline Advisers acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 980 shares of the company’s stock, valued at approximately $64,000.

Several other large investors have also bought and sold shares of RBRK. Champlain Investment Partners LLC bought a new stake in shares of Rubrik in the 3rd quarter worth approximately $44,418,000. Point72 Asset Management L.P. bought a new stake in shares of Rubrik in the 3rd quarter worth approximately $42,247,000. PointState Capital LP bought a new stake in shares of Rubrik in the 3rd quarter worth approximately $40,466,000. Institutional Venture Management XV LLC boosted its position in shares of Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of Rubrik in the 3rd quarter worth approximately $35,359,000. 49.54% of the stock is owned by institutional investors.

Insider Transactions at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,973 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total value of $287,406.82. Following the completion of the sale, the chief financial officer now owns 345,374 shares in the company, valued at approximately $24,984,355.16. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $64.89, for a total value of $14,768,704.44. Following the completion of the sale, the chief technology officer now owns 219,279 shares of the company’s stock, valued at $14,229,014.31. The trade was a 50.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 625,712 shares of company stock worth $41,583,311 in the last three months.

Rubrik Stock Performance

NYSE:RBRK opened at $54.02 on Wednesday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00. The business has a fifty day moving average price of $68.59 and a 200-day moving average price of $53.23.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RBRK. Barclays boosted their price target on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price objective on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets upped their price objective on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Citigroup upped their price objective on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Robert W. Baird upped their price objective on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Three 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.56.

Rubrik 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.