6,281 Shares in Rubrik, Inc. (NYSE:RBRK) Purchased by Jackson Square Capital LLC

Jackson Square Capital LLC acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,281 shares of the company’s stock, valued at approximately $411,000.

Other hedge funds have also recently bought and sold shares of the company. Shikiar Asset Management Inc. purchased a new stake in shares of Rubrik during the 4th quarter worth about $203,000. Wealthcare Advisory Partners LLC raised its stake in shares of Rubrik by 3.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after purchasing an additional 300 shares in the last quarter. Hamilton Lane Advisors LLC raised its stake in shares of Rubrik by 3.0% during the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock worth $2,224,000 after purchasing an additional 980 shares in the last quarter. Green Alpha Advisors LLC purchased a new stake in shares of Rubrik during the 4th quarter worth about $346,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in shares of Rubrik during the 3rd quarter worth about $394,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $67.68 on Friday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79. The business’s 50 day moving average is $60.17 and its 200-day moving average is $43.76.

Analyst Upgrades and Downgrades

RBRK has been the subject of a number of recent research reports. Barclays raised their price target on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Rosenblatt Securities started coverage on Rubrik in a report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective on the stock. Cantor Fitzgerald increased their price objective on Rubrik from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Truist Financial increased their price objective on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Oppenheimer started coverage on Rubrik in a report on Wednesday, November 13th. They set a “market perform” rating on the stock. Two investment 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 data from MarketBeat, Rubrik currently has a consensus rating of “Buy” and a consensus target price of $64.67.

Insider Transactions at Rubrik

In related news, Director Yvonne Wassenaar sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $67.60, for a total transaction of $169,000.00. Following the completion of the transaction, the director now owns 153 shares in the company, valued at $10,342.80. This trade represents a 94.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kiran Kumar Choudary sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $39.40, for a total value of $59,100.00. Following the transaction, the chief financial officer now owns 423,060 shares of the company’s stock, valued at $16,668,564. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 626,055 shares of company stock valued at $38,276,205.

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.