Rubrik, Inc. (NYSE:RBRK) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Rubrik, Inc. (NYSE:RBRK) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 548,940 shares of the company’s stock after selling 97,212 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.30% of Rubrik worth $35,879,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Champlain Investment Partners LLC acquired a new position in shares of Rubrik during the third quarter valued at $44,418,000. Point72 Asset Management L.P. acquired a new position in Rubrik during the third quarter worth about $42,247,000. PointState Capital LP acquired a new position in Rubrik during the third quarter worth about $40,466,000. Institutional Venture Management XV LLC grew its holdings in Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after acquiring an additional 1,131,360 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Rubrik during the third quarter worth about $35,359,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Rubrik Stock Performance

Shares of NYSE RBRK opened at $72.98 on Wednesday. Rubrik, Inc. has a one year low of $28.34 and a one year high of $79.05. The business has a 50-day moving average price of $68.78 and a two-hundred day moving average price of $48.52.

Insider Activity

In other news, CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $67.66, for a total transaction of $2,198,882.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik 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 sale, the executive now owns 362,545 shares of the company’s stock, valued at approximately $18,265,017.10. This represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 656,434 shares of company stock worth $42,599,751 in the last three months.

Analyst Ratings Changes

A number of research analysts recently issued reports on RBRK shares. William Blair started coverage on Rubrik in a report on Friday, February 7th. They set a “market perform” rating on the stock. KeyCorp lifted their target price on Rubrik from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday. 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. Rosenblatt Securities started coverage on Rubrik in a report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 target price on the stock. Finally, Guggenheim lifted their target price on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three equities research 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.33.

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.