6,281 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Jackson Square Capital LLC

Jackson Square Capital LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,281 shares of the company's stock, valued at approximately $411,000.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. 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 report on Friday, December 6th. Oppenheimer initiated coverage on Rubrik in a research note on Wednesday, November 13th. They issued a "market perform" rating on the stock. Cantor Fitzgerald lifted their target price on Rubrik from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, Wedbush lifted their price objective on shares of Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Two 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's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $64.67.

Rubrik Stock Down 0.8 %

RBRK stock traded down $0.56 during midday 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 1-year low of $28.34 and a 1-year high of $75.79. The stock has a 50 day moving average price of $60.17 and a 200-day moving average price of $43.76.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 3,973 shares of Rubrik stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total value of $287,406.82. Following the transaction, the chief financial officer now owns 345,374 shares in the company, valued at approximately $24,984,355.16. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.39, for a total value of $1,034,750.00. Following the sale, the executive now owns 387,545 shares of the company's stock, valued at approximately $16,040,487.55. This represents a 6.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 626,055 shares of company stock valued at $38,276,205 in the last ninety days.

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.