Rubrik, Inc. (NYSE:RBRK) Stock Position Lifted by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC grew its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 34,026 shares of the company’s stock after acquiring an additional 980 shares during the quarter. Rubrik accounts for approximately 2.2% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Hamilton Lane Advisors LLC’s holdings in Rubrik were worth $2,224,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RBRK. Brown Brothers Harriman & Co. purchased a new position in Rubrik in the third quarter valued at approximately $25,000. KBC Group NV bought a new stake in shares of Rubrik in the third quarter valued at $72,000. Green Alpha Advisors LLC purchased a new position in shares of Rubrik during the 4th quarter valued at $346,000. Quent Capital LLC bought a new position in shares of Rubrik during the 3rd quarter worth $192,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Rubrik in the 3rd quarter worth about $208,000. 49.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kiran Kumar Choudary sold 11,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $38.49, for a total transaction of $454,182.00. Following the completion of the sale, the chief financial officer now owns 406,960 shares of the company’s stock, valued at approximately $15,663,890.40. The trade was a 2.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 394,159 shares of company stock valued at $23,218,764 over the last 90 days.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. FBN Securities assumed coverage on shares of Rubrik in a research note on Monday, September 30th. They issued an “outperform” rating and a $40.00 target price for the company. 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. Piper Sandler increased their target price on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Barclays lifted their price target on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Truist Financial boosted their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Rubrik currently has a consensus rating of “Buy” and an average target price of $64.11.

Rubrik Stock Up 2.6 %

NYSE RBRK opened at $66.75 on Thursday. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79. The company has a fifty day moving average of $58.77 and a 200-day moving average of $43.06.

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.