Barclays PLC Purchases 7,029 Shares of Rubrik, Inc. (NYSE:RBRK)

Barclays PLC grew its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 140.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,029 shares of the company's stock after buying an additional 7,029 shares during the period. Barclays PLC's holdings in Rubrik were worth $386,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of RBRK. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik in the 3rd quarter valued at about $25,000. KBC Group NV acquired a new stake in Rubrik in the third quarter valued at approximately $72,000. Quent Capital LLC bought a new stake in shares of Rubrik during the third quarter valued at approximately $192,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Rubrik during the third quarter worth approximately $208,000. Finally, Sei Investments Co. acquired a new position in shares of Rubrik during the second quarter worth approximately $235,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Insiders Place Their Bets

In related news, Director Yvonne Wassenaar sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the sale, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This represents a 94.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $66.52, for a total transaction of $119,736.00. Following the completion of the transaction, the chief financial officer now owns 341,374 shares of the company's stock, valued at $22,708,198.48. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 626,055 shares of company stock valued at $38,276,205 over the last ninety days.

Rubrik Trading Down 0.8 %

Shares of NYSE:RBRK traded down $0.56 during mid-day trading on Friday, reaching $67.68. The company had a trading volume of 4,409,924 shares, compared to its average volume of 2,950,982. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79. The company's 50-day moving average price is $60.17 and its 200-day moving average price is $43.85.

Wall Street Analyst Weigh In

RBRK has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price target 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. Robert W. Baird boosted their target price on shares of Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Rosenblatt Securities assumed coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $77.00 price target on the stock. Oppenheimer began coverage on Rubrik in a report on Wednesday, November 13th. They set a "market perform" rating for the company. Finally, Barclays raised their target price on Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $64.67.

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.