Stifel Financial Corp Has $2.20 Million Stock Holdings in Rubrik, Inc. (NYSE:RBRK)

Stifel Financial Corp raised its position in Rubrik, Inc. (NYSE:RBRK) by 407.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,566 shares of the company’s stock after acquiring an additional 55,062 shares during the period. Stifel Financial Corp’s holdings in Rubrik were worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in shares of Rubrik during the third quarter valued at approximately $42,247,000. PointState Capital LP bought a new stake in Rubrik in the 3rd quarter valued at $40,466,000. Penn Mutual Asset Management acquired a new position in shares of Rubrik in the 3rd quarter valued at $1,036,000. Melqart Asset Management UK Ltd bought a new position in shares of Rubrik during the 3rd quarter worth about $14,116,000. Finally, Institutional Venture Management XV LLC boosted its position 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 valued at $37,378,000 after acquiring an additional 1,131,360 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.

Insiders Place Their Bets

In other news, CRO Brian K. Mccarthy sold 104,672 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $31.32, for a total value of $3,278,327.04. Following the transaction, the executive now owns 462,545 shares of the company’s stock, valued at approximately $14,486,909.40. This trade represents a 18.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kiran Kumar Choudary sold 51,924 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $31.41, for a total transaction of $1,630,932.84. Following the sale, the chief financial officer now directly owns 493,360 shares of the company’s stock, valued at approximately $15,496,437.60. This trade represents a 9.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 493,237 shares of company stock valued at $21,391,568.

Rubrik Price Performance

RBRK opened at $66.98 on Friday. The company’s 50 day simple moving average is $49.37 and its 200-day simple moving average is $38.56. Rubrik, Inc. has a one year low of $28.34 and a one year high of $75.79.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RBRK. Cantor Fitzgerald increased their price target on shares of Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Citigroup increased their target price on Rubrik from $48.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Robert W. Baird boosted their price target on Rubrik from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Rosenblatt Securities began coverage on Rubrik in a research note on Tuesday. They set a “neutral” rating and a $77.00 price objective for the company. Finally, Guggenheim boosted their target price on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two 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. According to data from MarketBeat, Rubrik presently has a consensus rating of “Buy” and an average target price of $64.11.

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.