Callan Capital LLC Cuts Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Callan Capital LLC lowered its stake in Rubrik, Inc. (NYSE:RBRK) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,711 shares of the company’s stock after selling 10,319 shares during the quarter. Callan Capital LLC’s holdings in Rubrik were worth $2,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Global Retirement Partners LLC lifted its position in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after buying an additional 500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Rubrik in the 3rd quarter worth approximately $25,000. Rhumbline Advisers purchased a new stake in shares of Rubrik during the 4th quarter worth approximately $64,000. Geneos Wealth Management Inc. bought a new position in shares of Rubrik during the 4th quarter valued at approximately $70,000. Finally, KBC Group NV purchased a new position in shares of Rubrik in the third quarter valued at $72,000. Institutional investors own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Robert W. Baird increased their price target on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Oppenheimer initiated coverage on Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. Rosenblatt Securities began coverage on Rubrik in a research report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price objective on the stock. Finally, BMO Capital Markets lifted their target price on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Three equities 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 data from MarketBeat.com, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.33.

Insiders Place Their Bets

In other Rubrik news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the sale, the executive now owns 337,545 shares of the company’s stock, valued at approximately $16,877,250. This trade represents a 6.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $50.38, for a total value of $90,684.00. Following the completion of the transaction, the chief financial officer now directly owns 373,760 shares of the company’s stock, valued at approximately $18,830,028.80. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 612,134 shares of company stock worth $40,504,626 in the last three months.

Rubrik Stock Performance

Shares of Rubrik stock opened at $69.67 on Friday. The stock’s fifty day moving average price is $70.36 and its 200-day moving average price is $50.63. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $80.00.

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.