Rubrik, Inc. (NYSE:RBRK) Shares Sold by EPIQ Capital Group LLC

EPIQ Capital Group LLC cut its position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,375 shares of the company's stock after selling 285,260 shares during the quarter. Rubrik accounts for 3.5% of EPIQ Capital Group LLC's portfolio, making the stock its 9th biggest holding. EPIQ Capital Group LLC owned approximately 0.11% of Rubrik worth $13,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Champlain Investment Partners LLC acquired a new stake in shares of Rubrik in the 3rd quarter valued at $44,418,000. Point72 Asset Management L.P. acquired a new position in Rubrik during the 3rd quarter valued at about $42,247,000. PointState Capital LP bought a new position in Rubrik in the third quarter valued at approximately $40,466,000. Institutional Venture Management XV LLC increased its holdings in Rubrik by 3,620.4% in the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company's stock valued at $37,378,000 after purchasing an additional 1,131,360 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Rubrik in the 3rd quarter valued at approximately $35,359,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several analyst reports. Mizuho increased their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Citigroup increased their price target on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Cantor Fitzgerald increased their price target on Rubrik from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Rosenblatt Securities upgraded Rubrik from a "neutral" rating to a "buy" rating and set a $77.00 price target for the company in a research note on Wednesday. Finally, William Blair started coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $66.72.

Rubrik Price Performance

RBRK stock traded down $1.92 during trading on Thursday, reaching $55.19. 2,609,355 shares of the company were exchanged, compared to its average volume of 2,044,186. The company has a 50-day moving average of $68.42 and a two-hundred day moving average of $53.26. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00.

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of the company's stock in a transaction on Friday, December 27th. The shares were sold at an average price of $68.03, for a total value of $122,454.00. Following the sale, the chief financial officer now directly owns 343,774 shares of the company's stock, valued at approximately $23,386,945.22. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $64.89, for a total transaction of $14,768,704.44. Following the completion of the transaction, the chief technology officer now owns 219,279 shares in the company, valued at approximately $14,229,014.31. The trade was a 50.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 625,712 shares of company stock valued at $41,583,311 in the last 90 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.