Endowment Wealth Management Inc. Makes New $655,000 Investment in Rubrik, Inc. (NYSE:RBRK)

Endowment Wealth Management Inc. purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,021 shares of the company’s stock, valued at approximately $655,000.

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

Analyst Ratings Changes

Several research firms recently commented on RBRK. Robert W. Baird lifted their price target on Rubrik from $48.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. BMO Capital Markets raised their price objective on Rubrik from $38.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. William Blair assumed coverage on shares of Rubrik in a report on Friday, February 7th. They set a “market perform” rating for the company. Cantor Fitzgerald increased their price target on Rubrik from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Mizuho boosted their target price on shares of Rubrik from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average price target of $65.56.

Rubrik Stock Down 9.4 %

Shares of NYSE RBRK opened at $51.95 on Tuesday. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $80.00. The company has a 50-day moving average of $69.14 and a two-hundred day moving average of $52.99.

Insider Transactions at Rubrik

In other Rubrik news, CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 1,800 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $69.70, for a total transaction of $125,460.00. Following the sale, the chief financial officer now directly owns 342,160 shares in the company, valued at $23,848,552. This trade represents a 0.52 % decrease in their ownership of the stock. 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 quarter.

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.