Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,125 shares of the company's stock, valued at approximately $858,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its stake 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 bought a new position in shares of Rubrik during the 3rd quarter worth $323,000. Diversified Trust Co purchased a new position in shares of Rubrik during the third quarter valued at $432,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 valued at $7,998,000 after acquiring an additional 49,372 shares in the last quarter. Finally, Renaissance Capital LLC raised its holdings in shares of Rubrik by 21.2% in the fourth quarter. Renaissance Capital LLC now owns 72,775 shares of the company's stock valued at $4,757,000 after acquiring an additional 12,714 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on RBRK shares. Robert W. Baird raised their target price on shares of Rubrik from $48.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Guggenheim lifted their price objective on shares of Rubrik from $52.00 to $72.00 and gave the company a "buy" rating in a report on Friday, December 6th. Rosenblatt Securities started coverage on shares of Rubrik in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $77.00 price objective for the company. BMO Capital Markets increased their target price on Rubrik from $38.00 to $72.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Wedbush boosted their price target on Rubrik from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.33.
Get Our Latest Research Report on RBRK
Insider Buying and Selling
In related news, CTO Arvind Nithrakashyap sold 32,485 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the completion of the transaction, the chief technology officer now owns 219,279 shares of the company's stock, valued at $16,413,033.15. This trade represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 10,000 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $44.48, for a total transaction of $444,800.00. Following the transaction, the chief financial officer now owns 385,360 shares of the company's stock, valued at $17,140,812.80. This represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 656,434 shares of company stock worth $42,599,751 in the last 90 days.
Rubrik Trading Down 5.2 %
Shares of NYSE RBRK traded down $3.98 during midday trading on Tuesday, reaching $72.98. The company had a trading volume of 1,968,117 shares, compared to its average volume of 2,157,941. Rubrik, Inc. has a 1 year low of $28.34 and a 1 year high of $79.05. The business's 50-day simple moving average is $68.78 and its 200 day simple moving average is $48.52.
About Rubrik
(
Free Report)
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.
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