SBI Securities Co. Ltd. Buys Shares of 3,344 Rubrik, Inc. (NYSE:RBRK)

SBI Securities Co. Ltd. purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,344 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also modified their holdings of RBRK. Champlain Investment Partners LLC acquired a new position in shares of Rubrik during the 3rd quarter worth approximately $44,418,000. Point72 Asset Management L.P. acquired a new position in shares of Rubrik in the 3rd quarter valued at $42,247,000. PointState Capital LP acquired a new position in Rubrik in the third quarter valued at $40,466,000. Institutional Venture Management XV LLC grew its holdings in shares of Rubrik by 3,620.4% during the 3rd quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in Rubrik during the third quarter worth approximately $35,359,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik Stock Down 6.9 %

NYSE:RBRK opened at $58.53 on Friday. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $80.00. The stock has a 50 day moving average of $69.56 and a 200-day moving average of $52.56.

Analysts Set New Price Targets

Several brokerages recently issued reports on RBRK. Mizuho increased their price target on Rubrik from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. William Blair began coverage on shares of Rubrik in a research report on Friday, February 7th. They issued a “market perform” rating for the company. Piper Sandler boosted their target price on shares of Rubrik from $72.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Oppenheimer began coverage on shares of Rubrik in a report on Wednesday, November 13th. They set a “market perform” rating for the company. Finally, Cantor Fitzgerald lifted their price target on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.56.

Insider Buying and Selling

In other Rubrik news, CFO Kiran Kumar Choudary sold 3,973 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the transaction, the chief financial officer now directly owns 345,374 shares of the company’s stock, valued at $24,984,355.16. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $77.31, for a total transaction of $193,275.00. Following the completion of the transaction, the director now owns 153 shares of the company’s stock, valued at approximately $11,828.43. This trade represents a 94.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 627,512 shares of company stock worth $41,708,771 in the last three months.

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.