Entropy Technologies LP Takes Position in Rubrik, Inc. (NYSE:RBRK)

Entropy Technologies LP bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,878 shares of the company’s stock, valued at approximately $2,018,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in Rubrik during the third quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new position in shares of Rubrik during the fourth quarter worth approximately $70,000. KBC Group NV acquired a new stake in Rubrik during the 3rd quarter worth approximately $72,000. Shikiar Asset Management Inc. bought a new stake in Rubrik in the 4th quarter valued at $203,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Rubrik in the 3rd quarter valued at $208,000. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Mizuho boosted their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Wedbush raised their target price on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. 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. Finally, Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Rubrik has a consensus rating of “Moderate Buy” and an average price target of $64.67.

Insider Activity

In related news, CFO Kiran Kumar Choudary sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $44.48, for a total value of $444,800.00. Following the completion of the transaction, the chief financial officer now owns 385,360 shares in the company, valued at $17,140,812.80. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $70.94, for a total transaction of $1,773,500.00. Following the sale, the executive now directly owns 381,043 shares in the company, valued at $27,031,190.42. The trade was a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 656,434 shares of company stock worth $42,599,751.

Rubrik Stock Performance

Shares of Rubrik stock opened at $74.52 on Monday. The company’s 50 day moving average price is $67.78 and its two-hundred day moving average price is $47.95. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $79.05.

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.