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

Callan Capital LLC decreased its holdings in Rubrik, Inc. (NYSE:RBRK) by 21.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. purchased a new stake in Rubrik in the third quarter valued at about $2,419,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Rubrik during the third quarter valued at about $208,000. Diversify Wealth Management LLC purchased a new position in shares of Rubrik in the 3rd quarter valued at approximately $1,808,000. Stephens Investment Management Group LLC boosted its stake in Rubrik by 3.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 264,345 shares of the company’s stock worth $8,499,000 after purchasing an additional 8,903 shares in the last quarter. Finally, ARK Investment Management LLC grew its position in Rubrik by 113.6% during the 3rd quarter. ARK Investment Management LLC now owns 420,932 shares of the company’s stock worth $13,533,000 after purchasing an additional 223,850 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Rosenblatt Securities started coverage on shares of Rubrik in a report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target for the company. BMO Capital Markets lifted their price target on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. KeyCorp boosted their price target on Rubrik from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup raised their price objective on Rubrik from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird upped their target price on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and an average price target of $65.33.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,499 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 2,500 shares of Rubrik stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the sale, the director now owns 153 shares in the company, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 612,134 shares of company stock valued at $40,504,626 in the last ninety days.

Rubrik Price Performance

Shares of NYSE RBRK opened at $69.67 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The company’s fifty day moving average price is $70.36 and its 200 day moving average price is $50.63.

About Rubrik

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.