Rubrik, Inc. (NYSE:RBRK) Holdings Raised by Renaissance Capital LLC

Renaissance Capital LLC increased its stake in Rubrik, Inc. (NYSE:RBRK) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,775 shares of the company’s stock after purchasing an additional 12,714 shares during the quarter. Rubrik makes up 3.1% of Renaissance Capital LLC’s investment portfolio, making the stock its 15th largest holding. Renaissance Capital LLC’s holdings in Rubrik were worth $4,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Rubrik in the third quarter worth approximately $25,000. Geneos Wealth Management Inc. purchased a new position in Rubrik during the 4th quarter worth approximately $70,000. KBC Group NV purchased a new position in Rubrik during the 3rd quarter worth approximately $72,000. Shikiar Asset Management Inc. acquired a new stake in Rubrik during the 4th quarter valued at $203,000. Finally, PFG Investments LLC acquired a new stake in shares of Rubrik in the fourth quarter worth $239,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Price Performance

NYSE:RBRK opened at $70.76 on Tuesday. The company’s 50 day moving average is $65.79 and its 200-day moving average is $46.83. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $77.22.

Insider Activity at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,973 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total value of $287,406.82. Following the sale, the chief financial officer now owns 345,374 shares of the company’s stock, valued at $24,984,355.16. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total value of $169,000.00. Following the completion of the transaction, the director now directly owns 153 shares in the company, valued at approximately $10,342.80. This represents a 94.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 569,255 shares of company stock worth $35,981,878.

Wall Street Analysts Forecast Growth

RBRK has been the topic of several recent analyst reports. KeyCorp upped their price target on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price target on shares of Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Guggenheim boosted their price objective on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Barclays increased 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. Finally, Cantor Fitzgerald boosted their price target on shares of Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Two investment 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 MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $64.67.

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.