Rubrik, Inc. (NYSE:RBRK) Shares Sold by EPIQ Capital Group LLC

EPIQ Capital Group LLC lowered its holdings in Rubrik, Inc. (NYSE:RBRK) by 58.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,375 shares of the company’s stock after selling 285,260 shares during the period. Rubrik comprises about 3.5% of EPIQ Capital Group LLC’s portfolio, making the stock its 9th largest holding. EPIQ Capital Group LLC owned 0.11% of Rubrik worth $13,489,000 at the end of the most recent quarter.

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

Rubrik Trading Down 2.0 %

NYSE:RBRK opened at $57.43 on Monday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $80.00. The stock has a fifty day moving average price of $69.14 and a 200-day moving average price of $52.99.

Wall Street Analyst Weigh In

A number of research firms recently commented on RBRK. Truist Financial lifted their price target on Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. William Blair assumed coverage on Rubrik in a research note on Friday, February 7th. They set a “market perform” rating for the company. Robert W. Baird increased their price target on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. KeyCorp lifted their price objective on shares of Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Mizuho increased their price objective on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.56.

Insider Activity at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,484 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $61.59, for a total transaction of $2,000,689.56. Following the completion of the transaction, the chief technology officer now directly owns 219,279 shares in the company, valued at $13,505,393.61. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total value of $193,275.00. Following the completion of the sale, the director now directly owns 153 shares in the company, valued at approximately $11,828.43. This represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 627,512 shares of company stock valued at $41,708,771 over the last quarter.

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.