Rubrik, Inc. (NYSE:RBRK) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its holdings in Rubrik, Inc. (NYSE:RBRK) by 1,329.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,547 shares of the company’s stock after buying an additional 18,180 shares during the quarter. US Bancorp DE’s holdings in Rubrik were worth $1,278,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after buying an additional 23,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rubrik during the 3rd quarter worth approximately $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after purchasing an additional 49,372 shares in the last quarter. Renaissance Capital LLC grew its position in Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after purchasing an additional 12,714 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Rubrik during the 3rd quarter worth approximately $336,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RBRK. Rosenblatt Securities began coverage on shares of Rubrik in a research report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective on the stock. Cantor Fitzgerald lifted their price objective 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. William Blair began coverage on shares of Rubrik in a research report on Friday, February 7th. They set a “market perform” rating on the stock. BMO Capital Markets lifted their price objective on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Citigroup lifted their price objective on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. 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 stock. According to MarketBeat.com, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $65.56.

Rubrik Stock Down 2.0 %

RBRK stock opened at $57.43 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The company has a fifty day simple moving average of $69.14 and a 200 day simple moving average of $52.87.

Insider Activity at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 227,596 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $14,229,014.31. The trade was a 50.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Brian K. Mccarthy sold 28,485 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total transaction of $2,060,604.90. Following the transaction, the executive now directly owns 346,560 shares of the company’s stock, valued at approximately $25,070,150.40. This represents a 7.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 627,512 shares of company stock valued at $41,708,771.

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.