XTX Topco Ltd Buys New Stake in Rubrik, Inc. (NYSE:RBRK)

XTX Topco Ltd acquired a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,754 shares of the company's stock, valued at approximately $571,000.

Several other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Rubrik during the 3rd quarter worth $25,000. KBC Group NV purchased a new stake in shares of Rubrik during the third quarter worth about $72,000. Quent Capital LLC acquired a new stake in Rubrik in the 3rd quarter worth approximately $192,000. Mount Yale Investment Advisors LLC purchased a new stake in Rubrik during the 3rd quarter worth approximately $208,000. Finally, Whalen Wealth Management Inc. acquired a new position in Rubrik during the 3rd quarter valued at approximately $243,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Trading Down 2.7 %

Rubrik stock traded down $2.01 during mid-day trading on Friday, hitting $72.18. The company's stock had a trading volume of 5,634,743 shares, compared to its average volume of 1,666,534. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $74.99. The stock's fifty day moving average is $46.55 and its two-hundred day moving average is $37.47.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush upped their target price on Rubrik from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on Rubrik from $40.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Mizuho upped their target price on Rubrik from $47.00 to $68.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. KeyCorp lifted their price objective on shares of Rubrik from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Finally, Robert W. Baird increased their price objective 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. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $61.88.

Insider Buying and Selling at Rubrik

In related news, CFO Kiran Kumar Choudary sold 1,800 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $69.70, for a total transaction of $125,460.00. Following the completion of the transaction, the chief financial officer now directly owns 342,160 shares in the company, valued at $23,848,552. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $64.37, for a total transaction of $1,609,250.00. Following the sale, the executive now directly owns 312,545 shares in the company, valued at $20,118,521.65. This represents a 7.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,779 shares of company stock valued at $22,317,557 over 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.