Perpetual Ltd Purchases New Position in Rubrik, Inc. (NYSE:RBRK)

Perpetual Ltd purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,296 shares of the company’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RBRK. Dragoneer Investment Group LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $47,523,000. Champlain Investment Partners LLC bought a new stake in shares of Rubrik during the third quarter valued at approximately $44,418,000. Point72 Asset Management L.P. bought a new stake in shares of Rubrik during the third quarter valued at approximately $42,247,000. PointState Capital LP bought a new stake in shares of Rubrik during the third quarter valued at approximately $40,466,000. Finally, Institutional Venture Management XV LLC increased its position in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock valued at $37,378,000 after acquiring an additional 1,131,360 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction on Monday, January 6th. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at approximately $10,342.80. This trade represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 600,255 shares of company stock worth $37,264,683.

Rubrik Trading Down 1.6 %

Shares of NYSE RBRK opened at $70.17 on Friday. The firm’s fifty day moving average is $62.22 and its two-hundred day moving average is $44.76. Rubrik, Inc. has a 52-week low of $28.34 and a 52-week high of $75.79.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Oppenheimer assumed coverage on shares of Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. BMO Capital Markets lifted their target price on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Rosenblatt Securities assumed coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 target price for the company. Finally, Piper Sandler lifted their target price on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $64.67.

Rubrik 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.