Global Retirement Partners LLC Has $33,000 Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Global Retirement Partners LLC raised its stake in Rubrik, Inc. (NYSE:RBRK) by 8,333.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 506 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Global Retirement Partners LLC’s holdings in Rubrik were worth $33,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC acquired a new position in Rubrik in the third quarter valued at $44,418,000. Point72 Asset Management L.P. bought a new stake in Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP bought a new position in Rubrik during the 3rd quarter valued at $40,466,000. Institutional Venture Management XV LLC grew its position in Rubrik by 3,620.4% in the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Rubrik during the third quarter worth $35,359,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the transaction, the executive now directly owns 337,545 shares in the company, valued at approximately $16,877,250. This trade represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Arvind Nithrakashyap sold 32,499 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34. The disclosure for this sale can be found here. Insiders sold 610,334 shares of company stock worth $40,413,942 over the last 90 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RBRK shares. Citigroup raised their price target on shares of Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Piper Sandler upped their price target on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Rosenblatt Securities assumed coverage on shares of Rubrik in a report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target on the stock. William Blair assumed coverage on shares of Rubrik in a research report on Friday, February 7th. They set a “market perform” rating on the stock. Finally, Oppenheimer assumed coverage on Rubrik in a research report on Wednesday, November 13th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.56.

Rubrik Stock Up 1.0 %

NYSE:RBRK opened at $64.96 on Friday. The business has a 50 day simple moving average of $69.90 and a 200-day simple moving average of $51.95. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00.

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.