Rubrik, Inc. (NYSE:RBRK) Stake Lowered by PCA Investment Advisory Services Inc.

PCA Investment Advisory Services Inc. trimmed its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the company’s stock after selling 5,000 shares during the quarter. PCA Investment Advisory Services Inc.’s holdings in Rubrik were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC acquired a new position in Rubrik during the 2nd quarter valued at about $503,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Rubrik during the second quarter worth approximately $3,270,000. EPIQ Capital Group LLC bought a new position in Rubrik in the 2nd quarter worth approximately $15,111,000. Sei Investments Co. acquired a new stake in Rubrik in the 2nd quarter valued at approximately $235,000. Finally, Octahedron Capital Management L.P. bought a new stake in Rubrik during the 2nd quarter valued at $4,936,000. Institutional investors own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In related news, CFO Kiran Kumar Choudary sold 3,973 shares of Rubrik stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the sale, the chief financial officer now owns 345,374 shares of the company’s stock, valued at approximately $24,984,355.16. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $50.38, for a total value of $1,259,500.00. Following the completion of the transaction, the executive now owns 362,545 shares in the company, valued at $18,265,017.10. This trade represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 401,742 shares of company stock valued at $23,523,146 in the last 90 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RBRK shares. Guggenheim raised their price target on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a report on Friday, December 6th. Truist Financial upped their price target on shares of Rubrik from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Oppenheimer initiated coverage on shares of Rubrik in a research note on Wednesday, November 13th. They set a “market perform” rating on the stock. Citigroup upped their target price on Rubrik from $48.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Piper Sandler lifted their price target on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Two 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 company’s stock. According to data from MarketBeat, Rubrik has an average rating of “Buy” and an average price target of $64.11.

Rubrik Price Performance

NYSE:RBRK opened at $65.05 on Tuesday. The business’s fifty day moving average price is $57.84 and its 200 day moving average price is $42.58. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $75.79.

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.