Geneos Wealth Management Inc. Purchases New Holdings in Rubrik, Inc. (NYSE:RBRK)

Geneos Wealth Management Inc. acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,064 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC raised its position in Rubrik by 3.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,450 shares of the company’s stock worth $683,000 after purchasing an additional 300 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Rubrik in the 3rd quarter valued at approximately $25,000. Hamilton Lane Advisors LLC raised its holdings in shares of Rubrik by 3.0% in the 4th quarter. Hamilton Lane Advisors LLC now owns 34,026 shares of the company’s stock worth $2,224,000 after buying an additional 980 shares in the last quarter. Diversify Wealth Management LLC lifted its position in shares of Rubrik by 2.2% during the 4th quarter. Diversify Wealth Management LLC now owns 57,499 shares of the company’s stock worth $3,649,000 after buying an additional 1,249 shares during the period. Finally, KBC Group NV acquired a new stake in Rubrik in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent analyst reports. Citigroup increased 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. Wells Fargo & Company increased their target price on shares of Rubrik from $40.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Rosenblatt Securities began coverage on shares of Rubrik in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $77.00 price target on the stock. Guggenheim raised their price objective on shares of Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Mizuho boosted their target price on Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $64.67.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $43.15, for a total transaction of $77,670.00. Following the transaction, the chief financial officer now owns 406,160 shares in the company, valued at approximately $17,525,804. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 227,596 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $64.89, for a total value of $14,768,704.44. Following the completion of the sale, the chief technology officer now directly owns 219,279 shares of the company’s stock, valued at approximately $14,229,014.31. This trade represents a 50.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 569,255 shares of company stock valued at $35,981,878 over the last three months.

Rubrik Stock Down 0.7 %

RBRK opened at $73.54 on Friday. The company has a fifty day moving average price of $65.39 and a two-hundred day moving average price of $46.40. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $77.22.

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.