American International Group Inc. Purchases Shares of 36,478 Rubrik, Inc. (NYSE:RBRK)

American International Group Inc. purchased a new stake in Rubrik, Inc. (NYSE:RBRK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,478 shares of the company’s stock, valued at approximately $1,118,000. Rubrik accounts for about 0.0% of American International Group Inc.’s holdings, making the stock its 3rd largest position.

A number of other hedge funds also recently made changes to their positions in RBRK. ARK Investment Management LLC bought a new position in Rubrik during the second quarter worth $6,043,000. EPIQ Capital Group LLC bought a new position in shares of Rubrik in the 2nd quarter worth about $15,111,000. Liberty Street Advisors Inc. acquired a new position in shares of Rubrik in the 2nd quarter valued at about $4,117,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Rubrik in the 2nd quarter valued at about $3,270,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Rubrik during the 2nd quarter valued at about $503,000.

Rubrik Stock Up 1.8 %

NYSE RBRK opened at $33.29 on Friday. The company has a fifty day moving average of $33.47. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $40.00.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays boosted their price target on Rubrik from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Piper Sandler initiated coverage on shares of Rubrik in a research note on Monday, August 19th. They set an “overweight” rating and a $42.00 target price on the stock. Wedbush decreased their price target on shares of Rubrik from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Robert W. Baird started coverage on shares of Rubrik in a report on Monday, July 15th. They set an “outperform” rating and a $42.00 price objective on the stock. Finally, Truist Financial restated a “buy” rating and issued a $43.00 target price on shares of Rubrik in a research note on Tuesday, September 10th. Fifteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $44.69.

Insider Transactions at Rubrik

In related news, Director Ravi Mhatre sold 15,933 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.19, for a total transaction of $481,017.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Rubrik 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.