Migdal Insurance & Financial Holdings Ltd. Buys Shares of 13,125 Rubrik, Inc. (NYSE:RBRK)

Migdal Insurance & Financial Holdings Ltd. bought a new stake in Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,125 shares of the company’s stock, valued at approximately $858,000.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in Rubrik in the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Rubrik in the fourth quarter worth $70,000. KBC Group NV purchased a new position in shares of Rubrik in the third quarter worth $72,000. Shikiar Asset Management Inc. purchased a new position in shares of Rubrik in the fourth quarter worth $203,000. Finally, PFG Investments LLC purchased a new position in shares of Rubrik in the fourth quarter worth $239,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Stock Performance

NYSE:RBRK opened at $74.52 on Friday. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $79.05. The stock’s 50-day moving average price is $67.78 and its 200-day moving average price is $47.78.

Insider Activity

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $70.94, for a total value of $1,773,500.00. Following the sale, the executive now directly owns 381,043 shares in the company, valued at approximately $27,031,190.42. The trade was a 6.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $70.98, for a total value of $639,458.82. Following the completion of the sale, the director now owns 998 shares in the company, valued at approximately $70,838.04. The trade was a 90.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 659,104 shares of company stock worth $42,720,088 in the last ninety days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RBRK. Wedbush raised their price target on shares of Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Mizuho raised their price target on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Barclays raised their price target on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. BMO Capital Markets raised their target price on shares of Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Oppenheimer began coverage on shares of Rubrik in a report on Wednesday, November 13th. They issued a “market perform” rating on the stock. Three equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

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.