PharVision Advisers LLC Makes New $202,000 Investment in Rubrik, Inc. (NYSE:RBRK)

PharVision Advisers LLC purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,088 shares of the company's stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Rubrik in the fourth quarter worth $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 worth $33,000 after acquiring an additional 500 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in shares of Rubrik in the fourth quarter worth $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Rubrik in the fourth quarter worth $47,000. Finally, Quarry LP purchased a new stake in shares of Rubrik in the fourth quarter worth $48,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Trading Up 2.5%

Shares of RBRK stock traded up $2.32 during mid-day trading on Thursday, reaching $96.41. The stock had a trading volume of 1,590,307 shares, compared to its average volume of 2,071,168. The business's fifty day moving average is $70.98 and its 200-day moving average is $66.66. The firm has a market cap of $18.30 billion and a price-to-earnings ratio of -7.01. Rubrik, Inc. has a 1-year low of $28.34 and a 1-year high of $98.03.

Rubrik (NYSE:RBRK - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.22). The company had revenue of $258.10 million during the quarter, compared to analysts' expectations of $233.13 million. The firm's revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter last year, the business posted ($1.59) earnings per share. On average, analysts forecast that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Ratings Changes

RBRK has been the topic of several recent analyst reports. Robert W. Baird dropped their price objective on Rubrik from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. KeyCorp decreased their price objective on Rubrik from $82.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. UBS Group reissued a "buy" rating on shares of Rubrik in a report on Tuesday, April 29th. Roth Capital initiated coverage on Rubrik in a research note on Thursday, May 15th. They issued a "buy" rating and a $97.00 price objective on the stock. Finally, Piper Sandler reduced their price objective on Rubrik from $87.00 to $72.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.69.

Insiders Place Their Bets

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $90.10, for a total transaction of $2,252,500.00. Following the transaction, the executive now owns 504,584 shares in the company, valued at approximately $45,463,018.40. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.18, for a total value of $569,188.62. Following the sale, the director now directly owns 998 shares of the company's stock, valued at approximately $63,053.64. This trade represents a 90.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 627,117 shares of company stock worth $43,346,198. 32.38% of the stock is owned by corporate insiders.

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.