30,878 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 30,878 shares of the company's stock, valued at approximately $2,018,000.

Other institutional investors also recently bought and sold shares of the company. Robocap Asset Management Ltd bought a new stake in Rubrik during the fourth quarter valued at about $2,486,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Rubrik during the fourth quarter valued at about $858,000. Robertson Stephens Wealth Management LLC bought a new stake in Rubrik during the fourth quarter valued at about $450,000. Renaissance Capital LLC raised its holdings in Rubrik by 21.2% during the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock valued at $4,757,000 after acquiring an additional 12,714 shares during the period. Finally, Caprock Group LLC bought a new stake in Rubrik during the fourth quarter valued at about $1,927,000. 49.54% of the stock is owned by institutional investors.

Rubrik Trading Up 1.6 %

RBRK traded up $1.26 on Thursday, hitting $78.81. The company had a trading volume of 2,012,275 shares, compared to its average volume of 2,150,642. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00. The business's fifty day simple moving average is $69.78 and its 200 day simple moving average is $48.93.

Insiders Place Their Bets

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the sale, the executive now owns 362,545 shares of the company's stock, valued at $18,265,017.10. This trade represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $45.00, for a total transaction of $81,000.00. Following the completion of the sale, the chief financial officer now directly owns 384,560 shares of the company's stock, valued at approximately $17,305,200. The trade was a 0.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 646,434 shares of company stock valued at $42,154,951 over the last 90 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RBRK shares. BMO Capital Markets raised their price target on Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a report on Friday, December 6th. William Blair initiated coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating on the stock. Wedbush raised their price objective on Rubrik from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Oppenheimer initiated coverage on Rubrik in a research report on Wednesday, November 13th. They set a "market perform" rating for the company. Finally, Citigroup raised their price objective on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Three equities research 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. According to MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average price target of $65.33.

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.