Rubrik, Inc. (NYSE:RBRK) Position Decreased by Smith Anglin Financial LLC

Smith Anglin Financial LLC lessened its holdings in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) by 45.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,396 shares of the company's stock after selling 5,362 shares during the period. Smith Anglin Financial LLC's holdings in Rubrik were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBRK. Green Alpha Advisors LLC purchased a new position in Rubrik during the 4th quarter valued at about $346,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of Rubrik during the 3rd quarter valued at $394,000. Barclays PLC increased its stake in Rubrik by 140.6% during the third quarter. Barclays PLC now owns 12,029 shares of the company's stock worth $386,000 after acquiring an additional 7,029 shares during the last quarter. Geode Capital Management LLC raised its holdings in Rubrik by 133.3% in the third quarter. Geode Capital Management LLC now owns 568,646 shares of the company's stock valued at $18,290,000 after buying an additional 324,951 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Rubrik during the 3rd quarter valued at $571,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 7,583 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $40.14, for a total value of $304,381.62. Following the completion of the transaction, the chief financial officer now directly owns 438,560 shares of the company's stock, valued at $17,603,798.40. This represents a 1.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.38, for a total value of $1,259,500.00. Following the transaction, the executive now owns 362,545 shares of the company's stock, valued at $18,265,017.10. This trade represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 401,742 shares of company stock valued at $23,523,146 over the last three months.

Rubrik Stock Up 2.6 %

Shares of Rubrik stock traded up $1.66 on Wednesday, reaching $66.75. 2,501,736 shares of the company were exchanged, compared to its average volume of 2,426,362. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79. The company's 50-day moving average is $58.77 and its two-hundred day moving average is $43.06.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RBRK shares. Barclays raised their target price on Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, December 6th. BMO Capital Markets upped their price objective 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. Cantor Fitzgerald raised their target price on Rubrik from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Oppenheimer started coverage on Rubrik in a research note on Wednesday, November 13th. They issued a "market perform" rating on the stock. Finally, Wedbush increased their price target on Rubrik from $44.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Two 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $64.11.

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.