Hamilton Lane Advisors LLC Purchases 980 Shares of Rubrik, Inc. (NYSE:RBRK)

Hamilton Lane Advisors LLC increased its position in shares of Rubrik, Inc. (NYSE:RBRK) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,026 shares of the company’s stock after acquiring an additional 980 shares during the period. Rubrik comprises about 2.2% of Hamilton Lane Advisors LLC’s portfolio, making the stock its 7th biggest position. Hamilton Lane Advisors LLC’s holdings in Rubrik were worth $2,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RBRK. Janus Henderson Group PLC grew its holdings in shares of Rubrik by 6.9% during 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rubrik during the 3rd quarter worth approximately $323,000. Diversified Trust Co acquired a new stake in Rubrik during the 3rd quarter worth approximately $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Rubrik by 24.8% during the 3rd 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 acquiring an additional 49,372 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in Rubrik in the 2nd quarter valued at approximately $2,606,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kiran Kumar Choudary sold 11,800 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $38.49, for a total value of $454,182.00. Following the sale, the chief financial officer now owns 406,960 shares in the company, valued at $15,663,890.40. This represents a 2.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction, the executive now owns 362,545 shares of the company’s stock, 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 394,159 shares of company stock worth $23,218,764 in the last ninety days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RBRK. Truist Financial boosted their price objective 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. Guggenheim upped their price target on Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, December 6th. KeyCorp upped their price target on Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Oppenheimer initiated coverage on Rubrik in a research note on Wednesday, November 13th. They issued a “market perform” rating on the stock. Finally, Mizuho increased their target price on shares of Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Rubrik presently has a consensus rating of “Buy” and a consensus price target of $64.11.

Rubrik Price Performance

Shares of Rubrik stock opened at $66.75 on Thursday. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $75.79. The stock has a 50 day moving average price of $58.77 and a two-hundred day moving average price of $43.06.

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.