Barclays PLC Boosts Holdings in Rubrik, Inc. $RBRK

Barclays PLC boosted its position in shares of Rubrik, Inc. (NYSE:RBRK) by 660.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,262 shares of the company’s stock after buying an additional 300,718 shares during the period. Barclays PLC owned 0.18% of Rubrik worth $28,480,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Rubrik by 73.1% during the second quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock worth $1,077,106,000 after purchasing an additional 5,077,513 shares in the last quarter. Norges Bank acquired a new stake in Rubrik during the 2nd quarter worth $219,132,000. First Trust Advisors LP grew its holdings in shares of Rubrik by 44.8% during the second quarter. First Trust Advisors LP now owns 4,462,705 shares of the company’s stock worth $399,814,000 after buying an additional 1,380,941 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Rubrik by 101.8% during the third quarter. Federated Hermes Inc. now owns 2,437,768 shares of the company’s stock worth $200,506,000 after buying an additional 1,229,476 shares in the last quarter. Finally, State Street Corp raised its position in shares of Rubrik by 139.7% in the second quarter. State Street Corp now owns 1,771,475 shares of the company’s stock valued at $158,706,000 after buying an additional 1,032,497 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Price Performance

NYSE RBRK opened at $57.54 on Thursday. The company has a market cap of $11.52 billion, a P/E ratio of -29.51 and a beta of 0.45. Rubrik, Inc. has a 1-year low of $46.36 and a 1-year high of $103.00. The stock has a 50-day moving average of $60.02 and a two-hundred day moving average of $72.22.

Insiders Place Their Bets

In related news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $73.84, for a total value of $812,240.00. Following the sale, the director owned 2,702 shares of the company’s stock, valued at $199,515.68. This trade represents a 80.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian K. Mccarthy sold 10,000 shares of Rubrik stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $70.88, for a total value of $708,800.00. Following the sale, the insider directly owned 330,772 shares of the company’s stock, valued at $23,445,119.36. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 247,878 shares of company stock worth $18,152,721. Corporate insiders own 32.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Rubrik in a research note on Tuesday, November 18th. They issued a “buy” rating and a $114.00 target price on the stock. Roth Mkm reiterated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Stephens assumed coverage on Rubrik in a research note on Monday, December 29th. They set an “overweight” rating and a $105.00 price objective on the stock. Robert W. Baird reduced their price target on Rubrik from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Finally, William Blair upgraded shares of Rubrik from a “market perform” rating to an “outperform” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.68.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).