Pittenger & Anderson Inc. Takes Position in Rubrik, Inc. (NYSE:RBRK)

Pittenger & Anderson Inc. acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,031 shares of the company's stock, valued at approximately $673,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Rubrik during the 4th quarter worth about $28,000. Nemes Rush Group LLC bought a new position in shares of Rubrik in the 4th quarter valued at about $39,000. KBC Group NV grew its holdings in shares of Rubrik by 24.6% in the 1st quarter. KBC Group NV now owns 3,337 shares of the company's stock valued at $203,000 after acquiring an additional 658 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Rubrik in the 4th quarter valued at about $47,000. Finally, Quarry LP bought a new position in shares of Rubrik in the 4th quarter valued at about $48,000. Institutional investors own 49.54% of the company's stock.

Rubrik Trading Down 0.5%

Shares of NYSE:RBRK traded down $0.48 during trading on Thursday, reaching $87.01. 3,610,741 shares of the stock were exchanged, compared to its average volume of 2,579,672. Rubrik, Inc. has a 12 month low of $28.60 and a 12 month high of $103.00. The firm has a market cap of $16.84 billion, a PE ratio of -30.75 and a beta of 0.46. The stock has a 50-day moving average price of $89.38 and a 200-day moving average price of $74.65.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to the consensus estimate of $260.39 million. During the same quarter in the prior year, the firm earned ($1.58) EPS. The company's revenue was up 48.7% on a year-over-year basis. On average, sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Yvonne Wassenaar sold 2,000 shares of Rubrik stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $88.21, for a total value of $176,420.00. Following the completion of the sale, the director directly owned 2,855 shares in the company, valued at approximately $251,839.55. The trade was a 41.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ravi Mhatre sold 16,984 shares of Rubrik stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $89.47, for a total transaction of $1,519,558.48. Following the completion of the sale, the director owned 81,842 shares of the company's stock, valued at approximately $7,322,403.74. The trade was a 17.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,229,515 shares of company stock valued at $109,999,877 in the last quarter. Corporate insiders own 32.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. KeyCorp restated an "overweight" rating and issued a $113.00 price objective (up previously from $98.00) on shares of Rubrik in a report on Friday, June 6th. Truist Financial raised their price objective on Rubrik from $90.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wedbush raised their price objective on Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and raised their price objective for the company from $75.00 to $86.00 in a report on Thursday, May 15th. Finally, Robert W. Baird raised their price objective on Rubrik from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $100.38.

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.