3,088 Shares in Rubrik, Inc. (NYSE:RBRK) Bought by PharVision Advisers LLC

PharVision Advisers LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,088 shares of the company's stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the fourth quarter valued at about $28,000. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of Rubrik in the fourth quarter valued at about $39,000. Point72 Hong Kong Ltd acquired a new position in shares of Rubrik in the fourth quarter valued at about $47,000. Finally, Quarry LP acquired a new position in shares of Rubrik in the fourth quarter valued at about $48,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RBRK has been the subject of several recent analyst reports. Mizuho cut shares of Rubrik from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Piper Sandler cut their price objective on shares of Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group reaffirmed a "buy" rating on shares of Rubrik in a research report on Tuesday, April 29th. William Blair initiated coverage on shares of Rubrik in a research report on Friday, February 7th. They set a "market perform" rating for the company. Finally, Roth Capital initiated coverage on shares of Rubrik in a research report on Thursday, May 15th. They set a "buy" rating and a $97.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Rubrik presently has an average rating of "Moderate Buy" and an average target price of $76.13.

Insider Buying and Selling at Rubrik

In other news, major shareholder Lightspeed Management Company, sold 13,213 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $62.98, for a total transaction of $832,154.74. Following the completion of the sale, the insider now owns 21,221 shares of the company's stock, valued at $1,336,498.58. This trade represents a 38.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Brian K. Mccarthy sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $80.01, for a total transaction of $2,000,250.00. Following the sale, the executive now directly owns 529,584 shares of the company's stock, valued at approximately $42,372,015.84. This trade represents a 4.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 592,117 shares of company stock valued at $40,192,998. 32.38% of the stock is currently owned by company insiders.

Rubrik Price Performance

NYSE RBRK traded up $2.48 during trading hours on Tuesday, reaching $94.83. The company's stock had a trading volume of 2,605,747 shares, compared to its average volume of 2,068,135. The firm has a fifty day simple moving average of $69.97 and a 200-day simple moving average of $66.27. The stock has a market cap of $18.00 billion and a P/E ratio of -6.88. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $95.34.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.22). The business had revenue of $258.10 million for the quarter, compared to analyst estimates of $233.13 million. The business's revenue for the quarter was up 47.5% on a year-over-year basis. During the same period in the previous year, the company earned ($1.59) earnings per share. On average, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

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.