Haven Private LLC Purchases Shares of 7,341 Rubrik, Inc. (NYSE:RBRK)

Haven Private LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,341 shares of the company's stock, valued at approximately $480,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its stake in shares of Rubrik by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after acquiring an additional 300 shares during the period. KBC Group NV lifted its position in Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after purchasing an additional 430 shares during the period. Global Retirement Partners LLC lifted its position in Rubrik by 8,333.3% during the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Rubrik in the 3rd quarter valued at about $25,000. Finally, Hamilton Lane Advisors LLC grew its position in shares of Rubrik by 3.0% during the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company's stock worth $2,224,000 after buying an additional 980 shares during the period. 49.54% of the stock is currently owned by institutional investors.

Insider Activity

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,973 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 345,374 shares in the company, valued at $24,984,355.16. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction dated Wednesday, January 15th. The shares were 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 of the company's stock, valued at approximately $10,342.80. This trade represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 627,512 shares of company stock worth $41,708,771 in the last quarter.

Remove Ads

Analysts Set New Price Targets

RBRK has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Wells Fargo & Company raised their price target on Rubrik from $40.00 to $76.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Mizuho upped their price objective on Rubrik from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Tuesday, December 17th. 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. Finally, Truist Financial boosted their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Rubrik currently has an average rating of "Moderate Buy" and an average target price of $65.56.

Rubrik Stock Up 4.2 %

Rubrik stock traded up $2.18 during mid-day trading on Tuesday, reaching $54.02. The company's stock had a trading volume of 2,295,787 shares, compared to its average volume of 2,030,387. The business's 50 day simple moving average is $69.14 and its 200 day simple moving average is $52.99. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.

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.