Geode Capital Management LLC Buys 324,951 Shares of Rubrik, Inc. (NYSE:RBRK)

Geode Capital Management LLC boosted its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 133.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 568,646 shares of the company's stock after acquiring an additional 324,951 shares during the quarter. Geode Capital Management LLC owned 0.32% of Rubrik worth $18,290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Rubrik by 6.9% in the 3rd quarter. Janus Henderson Group PLC now owns 360,653 shares of the company's stock valued at $11,595,000 after acquiring an additional 23,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rubrik during the third quarter valued at approximately $323,000. Diversified Trust Co bought a new position in Rubrik in the third quarter valued at approximately $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Rubrik by 24.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company's stock worth $7,998,000 after purchasing an additional 49,372 shares during the last quarter. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of Rubrik during the 2nd quarter worth approximately $2,606,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Trading Down 0.0 %

Shares of RBRK stock traded down $0.03 on Friday, hitting $68.35. The company's stock had a trading volume of 2,177,566 shares, compared to its average volume of 1,783,369. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $75.79. The stock's 50 day moving average is $52.77 and its 200-day moving average is $40.06.

Analyst Upgrades and Downgrades

RBRK has been the subject of several analyst reports. KeyCorp raised their target price on shares of Rubrik from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Wedbush lifted their price objective on shares of Rubrik from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Guggenheim boosted their price objective on shares of Rubrik from $52.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Piper Sandler raised their target price on shares of Rubrik from $72.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, December 19th. Finally, Citigroup lifted their price target on Rubrik from $48.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Two research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $64.11.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 45,800 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $39.22, for a total transaction of $1,796,276.00. Following the sale, the chief financial officer now directly owns 448,560 shares of the company's stock, valued at approximately $17,592,523.20. This represents a 9.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Brian K. Mccarthy sold 28,485 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total value of $2,060,604.90. Following the completion of the transaction, the executive now owns 346,560 shares in the company, valued at $25,070,150.40. The trade was a 7.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 336,641 shares of company stock valued at $16,482,308 in the last quarter.

About Rubrik

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.