Stephens Investment Management Group LLC Raises Holdings in Rubrik, Inc. (NYSE:RBRK)

Stephens Investment Management Group LLC boosted its holdings in Rubrik, Inc. (NYSE:RBRK - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,033 shares of the company's stock after buying an additional 3,688 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.14% of Rubrik worth $17,519,000 at the end of the most recent quarter.

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

Insider Activity at Rubrik

In other news, CFO Kiran Kumar Choudary sold 1,800 shares of Rubrik stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $45.00, for a total transaction of $81,000.00. Following the completion of the sale, the chief financial officer now directly owns 384,560 shares in the company, valued at approximately $17,305,200. This trade represents a 0.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,485 shares of Rubrik stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the sale, the chief technology officer now owns 219,279 shares of the company's stock, valued at approximately $16,413,033.15. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 646,434 shares of company stock worth $42,154,951 over the last 90 days.

Rubrik Price Performance

NYSE:RBRK traded up $1.26 during mid-day trading on Thursday, reaching $78.81. The stock had a trading volume of 2,012,275 shares, compared to its average volume of 2,150,642. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00. The business has a 50 day simple moving average of $69.78 and a 200 day simple moving average of $48.93.

Wall Street Analyst Weigh In

RBRK has been the topic of several research reports. Guggenheim raised their price objective on Rubrik from $52.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Oppenheimer initiated coverage on Rubrik in a report on Wednesday, November 13th. They set a "market perform" rating on the stock. William Blair began coverage on Rubrik in a report on Friday, February 7th. They set a "market perform" rating on the stock. Robert W. Baird increased their target price on shares of Rubrik from $48.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Finally, KeyCorp increased their target price on shares of Rubrik from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Rubrik presently has an average rating of "Moderate Buy" and a consensus price target of $65.33.

Rubrik Company 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.