Callan Capital LLC Reduces Holdings in Rubrik, Inc. (NYSE:RBRK)

Callan Capital LLC trimmed its stake in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,711 shares of the company's stock after selling 10,319 shares during the period. Callan Capital LLC's holdings in Rubrik were worth $2,399,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in Rubrik in the 3rd quarter valued at about $25,000. Global Retirement Partners LLC lifted its holdings in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Rubrik in the fourth quarter valued at approximately $64,000. Geneos Wealth Management Inc. purchased a new position in shares of Rubrik during the 4th quarter worth approximately $70,000. Finally, KBC Group NV acquired a new position in shares of Rubrik during the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

RBRK has been the topic of a number of analyst reports. Piper Sandler increased their target price on Rubrik from $72.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, December 19th. BMO Capital Markets increased their price objective on Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Oppenheimer initiated coverage on Rubrik in a research report on Wednesday, November 13th. They set a "market perform" rating for the company. Guggenheim restated a "buy" rating and issued a $76.00 target price on shares of Rubrik in a report on Wednesday. Finally, KeyCorp raised their price target on shares of Rubrik from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.56.

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Insider Activity at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at approximately $11,828.43. This represents a 94.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive now directly owns 337,545 shares in the company, valued at $16,877,250. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 610,334 shares of company stock worth $40,413,942.

Rubrik Stock Performance

Shares of Rubrik stock traded up $1.86 during trading hours on Wednesday, reaching $65.72. The stock had a trading volume of 1,108,207 shares, compared to its average volume of 2,099,249. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The firm has a 50 day simple moving average of $70.02 and a two-hundred day simple moving average of $51.39.

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.