US Bancorp DE increased its stake in Rubrik, Inc. (NYSE:RBRK - Free Report) by 1,329.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,547 shares of the company's stock after purchasing an additional 18,180 shares during the quarter. US Bancorp DE's holdings in Rubrik were worth $1,278,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Wealthcare Advisory Partners LLC grew its stake in Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company's stock valued at $683,000 after buying an additional 300 shares in the last quarter. KBC Group NV grew its stake in Rubrik by 19.1% in the 4th quarter. KBC Group NV now owns 2,679 shares of the company's stock valued at $175,000 after buying an additional 430 shares in the last quarter. Global Retirement Partners LLC grew its stake in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after buying an additional 500 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Rubrik in the 3rd quarter valued at approximately $25,000. Finally, Hamilton Lane Advisors LLC grew its stake in Rubrik by 3.0% in the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company's stock valued at $2,224,000 after buying an additional 980 shares in the last quarter. Institutional investors own 49.54% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on RBRK. Truist Financial lifted their price objective on shares of Rubrik from $50.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, December 6th. BMO Capital Markets boosted their price target on shares of Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Robert W. Baird boosted their price target on shares of Rubrik from $48.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Piper Sandler boosted their price target on shares of Rubrik from $72.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. Finally, KeyCorp boosted their price target on shares of Rubrik from $75.00 to $87.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Rubrik presently has a consensus rating of "Moderate Buy" and an average target price of $65.56.
Read Our Latest Stock Analysis on Rubrik
Rubrik Stock Performance
Rubrik stock traded up $2.18 during mid-day trading on Tuesday, hitting $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 has a 50 day moving average price of $68.59 and a 200-day moving average price of $53.23. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.
Insiders Place Their Bets
In other Rubrik news, Director Yvonne Wassenaar sold 2,500 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the sale, the director now directly owns 153 shares of the company's stock, valued at $10,342.80. The trade was a 94.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 3,973 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the sale, the chief financial officer now directly owns 345,374 shares of the company's stock, valued at $24,984,355.16. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 627,512 shares of company stock valued at $41,708,771 over the last three months.
About Rubrik
(
Free Report)
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.
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