PCA Investment Advisory Services Inc. Sells 5,000 Shares of Rubrik, Inc. (NYSE:RBRK)

PCA Investment Advisory Services Inc. decreased its position in Rubrik, Inc. (NYSE:RBRK) by 50.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,000 shares of the company’s stock after selling 5,000 shares during the quarter. PCA Investment Advisory Services Inc.’s holdings in Rubrik were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in Rubrik in the 3rd quarter valued at approximately $25,000. KBC Group NV acquired a new stake in shares of Rubrik in the third quarter worth $72,000. Green Alpha Advisors LLC bought a new position in Rubrik during the fourth quarter worth $346,000. Quent Capital LLC bought a new position in Rubrik during the third quarter worth $192,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Rubrik during the 3rd quarter valued at $208,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RBRK shares. Guggenheim raised their price target on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Oppenheimer started coverage on Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Mizuho raised their price objective on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Piper Sandler lifted their price objective on Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Finally, BMO Capital Markets upped their target price on Rubrik from $38.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $64.11.

Rubrik Trading Up 2.5 %

NYSE:RBRK opened at $65.05 on Tuesday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $75.79. The firm has a 50 day moving average of $57.84 and a 200-day moving average of $42.58.

Insider Activity at Rubrik

In other news, CTO Arvind Nithrakashyap sold 32,499 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $39.40, for a total transaction of $59,100.00. Following the completion of the sale, the chief financial officer now directly owns 423,060 shares of the company’s stock, valued at approximately $16,668,564. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 401,742 shares of company stock valued at $23,523,146 in the last three months.

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.