Rubrik, Inc. (NYSE:RBRK) Stake Increased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. grew its position in Rubrik, Inc. (NYSE:RBRK) by 140.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 181,117 shares of the company’s stock after buying an additional 105,877 shares during the period. Rubrik makes up about 3.6% of Legacy Capital Group California Inc.’s investment portfolio, making the stock its 4th largest holding. Legacy Capital Group California Inc. owned about 0.10% of Rubrik worth $11,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RBRK. Global Retirement Partners LLC lifted its holdings in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Rubrik during the 3rd quarter valued at about $25,000. Rhumbline Advisers bought a new position in Rubrik during the 4th quarter valued at about $64,000. Geneos Wealth Management Inc. purchased a new stake in shares of Rubrik during the 4th quarter valued at about $70,000. Finally, KBC Group NV bought a new stake in shares of Rubrik in the third quarter worth approximately $72,000. Institutional investors own 49.54% of the company’s stock.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 227,596 shares of Rubrik stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $64.89, for a total value of $14,768,704.44. Following the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $14,229,014.31. The trade was a 50.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,250,000.00. Following the transaction, the executive now directly owns 337,545 shares of the company’s stock, valued at approximately $16,877,250. The trade was a 6.90 % decrease in their ownership of the stock. 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 over the last quarter.

Rubrik Price Performance

NYSE RBRK opened at $72.12 on Friday. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00. The stock’s 50 day moving average is $70.41 and its 200 day moving average is $50.36.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RBRK shares. Guggenheim raised their target price on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Oppenheimer assumed coverage on Rubrik in a research note on Wednesday, November 13th. They issued a “market perform” rating on the stock. BMO Capital Markets upped their price objective on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Barclays increased their target price on Rubrik from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Citigroup boosted their price target on Rubrik from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Rubrik currently has an average rating of “Moderate Buy” and a consensus target price 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.