38,035 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Robocap Asset Management Ltd

Robocap Asset Management Ltd purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 38,035 shares of the company's stock, valued at approximately $2,486,000. Rubrik comprises approximately 1.7% of Robocap Asset Management Ltd's investment portfolio, making the stock its 22nd largest position.

Several other institutional investors also recently modified their holdings of the stock. Champlain Investment Partners LLC bought a new position in shares of Rubrik during the 3rd quarter valued at about $44,418,000. Point72 Asset Management L.P. bought a new position in Rubrik in the third quarter valued at approximately $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik in the third quarter valued at approximately $40,466,000. Institutional Venture Management XV LLC increased 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 acquiring an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Rubrik during the third quarter worth $35,359,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the sale, the director now directly owns 153 shares of the company's stock, valued at approximately $10,342.80. This represents a 94.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $44.48, for a total value of $444,800.00. Following the sale, the chief financial officer now owns 385,360 shares in the company, valued at $17,140,812.80. This trade represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 656,434 shares of company stock worth $42,599,751.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RBRK shares. Truist Financial raised their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Barclays raised their target price on shares of Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Oppenheimer began coverage on shares of Rubrik in a research report on Wednesday, November 13th. They set a "market perform" rating on the stock. Cantor Fitzgerald raised their target price on shares of Rubrik from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, Mizuho boosted their price objective 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. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.33.

Rubrik Stock Performance

Shares of RBRK stock traded up $4.61 during trading hours on Wednesday, hitting $77.51. 2,087,474 shares of the company were exchanged, compared to its average volume of 2,155,437. The company has a 50 day simple moving average of $69.27 and a two-hundred day simple moving average of $48.72. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $79.05.

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.