11,205 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by Financial Perspectives Inc

Financial Perspectives Inc purchased a new position in Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, Holdings Channel reports. The firm purchased 11,205 shares of the company’s stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RBRK. Legacy Capital Group California Inc. acquired a new stake in Rubrik in the 3rd quarter worth $2,419,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Rubrik during the 3rd quarter valued at about $208,000. Diversify Wealth Management LLC acquired a new position in Rubrik in the third quarter valued at about $1,808,000. Stephens Investment Management Group LLC boosted its position in Rubrik by 3.5% in the third quarter. Stephens Investment Management Group LLC now owns 264,345 shares of the company’s stock valued at $8,499,000 after buying an additional 8,903 shares in the last quarter. Finally, ARK Investment Management LLC boosted its position in Rubrik by 113.6% in the third quarter. ARK Investment Management LLC now owns 420,932 shares of the company’s stock valued at $13,533,000 after buying an additional 223,850 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In other Rubrik news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kiran Kumar Choudary sold 3,973 shares of Rubrik stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 345,374 shares in the company, valued at $24,984,355.16. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 644,634 shares of company stock worth $42,073,951 over the last quarter.

Rubrik Trading Up 0.6 %

Shares of RBRK stock opened at $78.02 on Wednesday. The company has a fifty day moving average price of $70.37 and a two-hundred day moving average price of $50.04. Rubrik, Inc. has a one year low of $28.34 and a one year high of $80.00.

Analysts Set New Price Targets

A number of brokerages have weighed in on RBRK. Robert W. Baird boosted their target price 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. Truist Financial boosted their target price on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. William Blair started coverage on shares of Rubrik in a research note on Friday, February 7th. They issued a “market perform” rating for the company. KeyCorp boosted their price target on shares of Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Barclays boosted their price target on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.33.

About Rubrik

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.