Rubrik, Inc. (NYSE:RBRK) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Rubrik, Inc. (NYSE:RBRK) by 133.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 568,646 shares of the company’s stock after purchasing an additional 324,951 shares during the period. Geode Capital Management LLC’s holdings in Rubrik were worth $18,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RBRK. Barclays PLC grew its stake in Rubrik by 140.6% in the 3rd quarter. Barclays PLC now owns 12,029 shares of the company’s stock valued at $386,000 after acquiring an additional 7,029 shares during the period. XTX Topco Ltd acquired a new stake in shares of Rubrik in the third quarter valued at about $571,000. State Street Corp increased its stake in shares of Rubrik by 368.9% during the third quarter. State Street Corp now owns 421,096 shares of the company’s stock worth $13,538,000 after purchasing an additional 331,296 shares in the last quarter. Stifel Financial Corp raised its position in shares of Rubrik by 407.7% during the 3rd quarter. Stifel Financial Corp now owns 68,566 shares of the company’s stock worth $2,204,000 after purchasing an additional 55,062 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Rubrik in the 3rd quarter valued at about $42,247,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. FBN Securities started coverage on Rubrik in a research note on Monday, September 30th. They set an “outperform” rating and a $40.00 price objective for the company. Wells Fargo & Company increased their price objective on Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Oppenheimer started coverage on shares of Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Piper Sandler increased their target price on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird boosted their price target on shares of Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $64.11.

Insiders Place Their Bets

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the completion of the transaction, the executive now directly owns 412,545 shares of the company’s stock, valued at approximately $16,501,800. This trade represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kiran Kumar Choudary sold 45,800 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $39.22, for a total value of $1,796,276.00. Following the completion of the sale, the chief financial officer now owns 448,560 shares in the company, valued at approximately $17,592,523.20. This represents a 9.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 336,641 shares of company stock worth $16,482,308.

Rubrik Stock Down 0.0 %

Shares of RBRK opened at $68.35 on Friday. The stock’s 50 day moving average is $52.77 and its two-hundred day moving average is $40.02. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $75.79.

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.