Rubrik, Inc. (NYSE:RBRK) Position Raised by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. lifted its stake in Rubrik, Inc. (NYSE:RBRK) by 140.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 181,117 shares of the company’s stock after buying an additional 105,877 shares during the period. Rubrik comprises about 3.6% of Legacy Capital Group California Inc.’s holdings, making the stock its 4th biggest position. Legacy Capital Group California Inc.’s holdings in Rubrik were worth $11,838,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC raised its position in Rubrik by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after purchasing an additional 300 shares during the period. KBC Group NV raised its holdings in shares of Rubrik by 19.1% in the fourth quarter. KBC Group NV now owns 2,679 shares of the company’s stock worth $175,000 after buying an additional 430 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik during the 3rd quarter worth approximately $25,000. Finally, Hamilton Lane Advisors LLC boosted its holdings in Rubrik by 3.0% during the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock valued at $2,224,000 after acquiring an additional 980 shares during the period. Institutional investors own 49.54% of the company’s stock.

Rubrik Stock Down 2.8 %

NYSE RBRK opened at $72.12 on Friday. The firm’s fifty day simple moving average is $70.41 and its two-hundred day simple moving average is $50.36. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $80.00.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays increased their target price on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Rosenblatt Securities began coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price objective for the company. Truist Financial upped 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. Robert W. Baird lifted their price target on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets increased their price objective on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research note 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.33.

Insider Buying and Selling

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive now directly owns 337,545 shares in the company, valued at $16,877,250. This trade represents a 6.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $92,718.00. Following the completion of the transaction, the chief financial officer now directly owns 372,960 shares of the company’s stock, valued at approximately $19,211,169.60. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 612,134 shares of company stock worth $40,504,626 in the last ninety days.

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.