Wealthcare Advisory Partners LLC Acquires 300 Shares of Rubrik, Inc. (NYSE:RBRK)

Wealthcare Advisory Partners LLC lifted its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,450 shares of the company’s stock after acquiring an additional 300 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Rubrik were worth $683,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new position in Rubrik during the third quarter worth $25,000. KBC Group NV bought a new stake in shares of Rubrik in the 3rd quarter worth about $72,000. Quent Capital LLC acquired a new stake in shares of Rubrik during the 3rd quarter worth about $192,000. Mount Yale Investment Advisors LLC bought a new position in Rubrik during the 3rd quarter valued at about $208,000. Finally, Sei Investments Co. acquired a new position in Rubrik in the second quarter valued at about $235,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Price Performance

RBRK stock opened at $67.68 on Tuesday. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $75.79. The business’s fifty day moving average is $60.64 and its 200-day moving average is $44.12.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RBRK shares. Truist Financial raised their price objective on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price target on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Guggenheim boosted their price objective on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Mizuho raised their target price on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Finally, Cantor Fitzgerald upped their price target on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $64.67.

Insider Activity at Rubrik

In related news, CTO Arvind Nithrakashyap sold 227,596 shares of the business’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 owns 219,279 shares in the company, valued at approximately $14,229,014.31. The trade was a 50.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 3,973 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the sale, the chief financial officer now directly owns 345,374 shares of the company’s stock, valued at $24,984,355.16. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 614,255 shares of company stock worth $37,822,023.

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.