9,910 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Versor Investments LP

Versor Investments LP acquired a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,910 shares of the company's stock, valued at approximately $648,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Champlain Investment Partners LLC purchased a new position in shares of Rubrik in the third quarter valued at approximately $44,418,000. Point72 Asset Management L.P. purchased a new position in Rubrik in the 3rd quarter valued at $42,247,000. PointState Capital LP purchased a new stake in shares of Rubrik during the third quarter worth $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 buying an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Rubrik in the third quarter worth about $35,359,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. KeyCorp increased their price objective on shares of Rubrik from $75.00 to $87.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Piper Sandler lifted their price objective on Rubrik from $72.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, December 19th. Wells Fargo & Company raised their target price on Rubrik from $40.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Cantor Fitzgerald raised their price target on shares of Rubrik from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Citigroup upped their price objective on Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $65.56.

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Insider Activity

In other Rubrik news, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $51.51, for a total value of $92,718.00. Following the sale, the chief financial officer now directly owns 372,960 shares of the company's stock, valued at approximately $19,211,169.60. This represents a 0.48 % 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 32,499 shares of Rubrik stock in a transaction on Monday, January 6th. The stock was sold at an average price of $67.66, for a total transaction of $2,198,882.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 585,334 shares of company stock worth $39,163,942.

Rubrik Price Performance

Rubrik stock traded up $0.79 during mid-day trading on Tuesday, reaching $62.16. 1,326,995 shares of the company's stock were exchanged, compared to its average volume of 2,036,432. The company has a fifty day moving average of $69.78 and a 200-day moving average of $52.29. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $80.00.

About Rubrik

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.