38,035 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Robocap Asset Management Ltd

Robocap Asset Management Ltd purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,035 shares of the company’s stock, valued at approximately $2,486,000. Rubrik accounts for 1.7% of Robocap Asset Management Ltd’s portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in Rubrik in the third quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in Rubrik during the 4th quarter worth approximately $70,000. KBC Group NV purchased a new position in Rubrik in the 3rd quarter worth approximately $72,000. Shikiar Asset Management Inc. purchased a new position in Rubrik in the 4th quarter worth approximately $203,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in Rubrik in the third quarter valued at approximately $208,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $70.94, for a total value of $1,773,500.00. Following the completion of the transaction, the executive now directly owns 381,043 shares in the company, valued at $27,031,190.42. This trade represents a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $67.60, for a total transaction of $169,000.00. Following the sale, the director now owns 153 shares in the company, valued at $10,342.80. This represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 659,104 shares of company stock worth $42,720,088.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $74.52 on Friday. The firm’s 50-day simple moving average is $67.78 and its 200 day simple moving average is $47.78. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $79.05.

Analyst Ratings Changes

Several brokerages have recently weighed in on RBRK. Truist Financial upped their target price on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. KeyCorp lifted their target price on Rubrik from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. William Blair began coverage on Rubrik in a research note on Friday. They set a “market perform” rating for the company. Cantor Fitzgerald boosted their target price on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Guggenheim increased their price target on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average price target of $64.67.

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.