Rubrik, Inc. (NYSE:RBRK) Shares Acquired by Barclays PLC

Barclays PLC raised its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 140.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,029 shares of the company’s stock after buying an additional 7,029 shares during the period. Barclays PLC’s holdings in Rubrik were worth $386,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RBRK. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik during the 3rd quarter worth $25,000. KBC Group NV acquired a new position in shares of Rubrik in the 3rd quarter valued at $72,000. Quent Capital LLC acquired a new position in shares of Rubrik in the 3rd quarter valued at $192,000. Mount Yale Investment Advisors LLC purchased a new position in Rubrik in the 3rd quarter worth about $208,000. Finally, Sei Investments Co. acquired a new stake in Rubrik during the 2nd quarter worth about $235,000. Institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wedbush lifted their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Oppenheimer assumed coverage on shares of Rubrik in a research report on Wednesday, November 13th. They set a “market perform” rating on the stock. CIBC raised their target price on Rubrik from $50.00 to $52.00 and gave the stock an “outperformer” rating in a research report on Tuesday, September 10th. Piper Sandler upped their price target on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald raised their price objective on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two investment 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, the stock has an average rating of “Buy” and an average price target of $64.11.

Rubrik Stock Up 0.8 %

NYSE RBRK opened at $66.90 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $75.79. The company has a fifty day simple moving average of $55.55 and a 200 day simple moving average of $41.21.

Insiders Place Their Bets

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.39, for a total transaction of $1,034,750.00. Following the transaction, the executive now owns 387,545 shares of the company’s stock, valued at approximately $16,040,487.55. The trade was a 6.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,973 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $287,406.82. Following the transaction, the chief financial officer now owns 345,374 shares of the company’s stock, valued at approximately $24,984,355.16. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,241 shares of company stock valued at $17,618,308 in the last quarter.

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.