Flaharty Asset Management LLC Takes Position in Rubrik, Inc. (NYSE:RBRK)

Flaharty Asset Management LLC acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $261,000.

A number of other large investors have also made changes to their positions in the stock. Janus Henderson Group PLC raised its position in Rubrik by 6.9% in the third quarter. Janus Henderson Group PLC now owns 360,653 shares of the company’s stock worth $11,595,000 after purchasing an additional 23,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rubrik in the third quarter worth about $323,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rubrik by 24.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,772 shares of the company’s stock worth $7,998,000 after purchasing an additional 49,372 shares in the last quarter. Renaissance Capital LLC raised its position in Rubrik by 21.2% in the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock worth $4,757,000 after purchasing an additional 12,714 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Rubrik in the third quarter worth about $336,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Buying and Selling at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive now owns 337,545 shares of the company’s stock, valued at $16,877,250. This trade represents a 6.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $67.66, for a total transaction of $2,198,882.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 610,334 shares of company stock worth $40,413,942.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Oppenheimer started coverage on shares of Rubrik in a research report on Wednesday, November 13th. They issued a “market perform” rating for the company. Piper Sandler increased their price target on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Robert W. Baird raised their price objective on shares of Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their price objective on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, KeyCorp increased their target price on shares of Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.56.

Rubrik Trading Up 1.0 %

Shares of RBRK stock opened at $64.96 on Friday. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $80.00. The firm’s fifty day moving average price is $69.92 and its two-hundred day moving average price is $51.58.

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.