Perpetual Ltd Buys Shares of 4,296 Rubrik, Inc. (NYSE:RBRK)

Perpetual Ltd bought a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,296 shares of the company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also made changes to their positions in RBRK. Dragoneer Investment Group LLC bought a new position in Rubrik during the 2nd quarter valued at $47,523,000. Champlain Investment Partners LLC bought a new position in Rubrik during the 3rd quarter valued at $44,418,000. Point72 Asset Management L.P. acquired a new stake in shares of Rubrik during the third quarter worth $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik in the 3rd quarter valued at about $40,466,000. Finally, Institutional Venture Management XV LLC boosted its holdings 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 valued at $37,378,000 after buying an additional 1,131,360 shares during the period. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rubrik

In other news, CFO Kiran Kumar Choudary sold 3,973 shares of Rubrik stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total value of $287,406.82. Following the transaction, the chief financial officer now directly owns 345,374 shares of the company's stock, valued at $24,984,355.16. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This trade represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 600,255 shares of company stock valued at $37,264,683 over the last ninety days.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Rosenblatt Securities assumed coverage on shares of Rubrik in a report on Tuesday, December 17th. They issued a "neutral" rating and a $77.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Rubrik from $40.00 to $76.00 and gave the company an "overweight" rating in a report on Friday, December 6th. BMO Capital Markets lifted their price target on shares of Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, 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 research report on Friday, December 6th. Two 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 company's stock. Based on data from MarketBeat.com, Rubrik currently has an average rating of "Buy" and a consensus target price of $64.67.

Rubrik Stock Performance

Shares of RBRK traded up $0.81 during mid-day trading on Friday, hitting $71.12. The company's stock had a trading volume of 1,189,335 shares, compared to its average volume of 2,376,881. The firm has a 50-day moving average price of $62.22 and a 200 day moving average price of $44.76. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79.

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.