Migdal Insurance & Financial Holdings Ltd. Makes New $858,000 Investment in Rubrik, Inc. (NYSE:RBRK)

Migdal Insurance & Financial Holdings Ltd. bought a new position in Rubrik, Inc. (NYSE:RBRK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,125 shares of the company’s stock, valued at approximately $858,000.

A number of other institutional investors have also bought and sold shares of the business. Robertson Stephens Wealth Management LLC purchased a new position in Rubrik in the 4th quarter worth approximately $450,000. Renaissance Capital LLC raised its position in shares of Rubrik by 21.2% during the 4th quarter. Renaissance Capital LLC now owns 72,775 shares of the company’s stock valued at $4,757,000 after buying an additional 12,714 shares during the period. Caprock Group LLC purchased a new stake in shares of Rubrik during the 4th quarter valued at approximately $1,927,000. Strategic Blueprint LLC purchased a new stake in shares of Rubrik during the 4th quarter valued at approximately $265,000. Finally, KBC Group NV raised its position in shares of Rubrik by 19.1% during the 4th quarter. KBC Group NV now owns 2,679 shares of the company’s stock valued at $175,000 after buying an additional 430 shares during the period. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Performance

NYSE:RBRK opened at $74.52 on Friday. The company has a fifty day simple moving average of $67.78 and a two-hundred day simple moving average of $47.78. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $79.05.

Analysts Set New Price Targets

Several analysts have recently commented on RBRK shares. Rosenblatt Securities started coverage on shares of Rubrik in a research report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price target on the stock. KeyCorp lifted their price target on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Truist Financial lifted their price target on shares of Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Piper Sandler lifted their price target on shares of Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Finally, William Blair began coverage on Rubrik in a research report on Friday. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.67.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 2,670 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $45.07, for a total transaction of $120,336.90. Following the completion of the transaction, the chief financial officer now owns 396,160 shares in the company, valued at approximately $17,854,931.20. The trade was a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,485 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $74.85, for a total transaction of $2,431,502.25. Following the transaction, the chief technology officer now owns 219,279 shares of the company’s stock, valued at approximately $16,413,033.15. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 659,104 shares of company stock worth $42,720,088 over the last 90 days.

Rubrik Company 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.