Strategic Blueprint LLC Invests $265,000 in Rubrik, Inc. (NYSE:RBRK)

Strategic Blueprint LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,054 shares of the company's stock, valued at approximately $265,000.

Several other hedge funds have also recently modified their holdings of the business. Brown Brothers Harriman & Co. purchased a new stake in Rubrik during the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. purchased a new stake in Rubrik during the fourth quarter valued at approximately $70,000. KBC Group NV purchased a new stake in Rubrik during the third quarter valued at approximately $72,000. Quent Capital LLC purchased a new stake in Rubrik during the third quarter valued at approximately $192,000. Finally, Shikiar Asset Management Inc. purchased a new stake in Rubrik during the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 49.54% of the company's stock.

Insider Buying and Selling at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 2,670 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $45.07, for a total value of $120,336.90. Following the sale, the chief financial officer now directly owns 396,160 shares of the company's stock, valued at approximately $17,854,931.20. This represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the company's stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 666,434 shares of company stock worth $43,050,231 in the last ninety days.

Rubrik Stock Performance

NYSE:RBRK traded up $1.52 on Wednesday, hitting $75.60. The stock had a trading volume of 1,190,124 shares, compared to its average volume of 2,208,666. The company has a fifty day moving average price of $66.80 and a two-hundred day moving average price of $47.31. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $77.22.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup raised their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Rosenblatt Securities assumed coverage on shares of Rubrik in a report on Tuesday, December 17th. They issued a "neutral" rating and a $77.00 price target for the company. Truist Financial raised their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Piper Sandler raised their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Finally, BMO Capital Markets raised their target price on shares of Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Two 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $64.67.

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.