Pittenger & Anderson Inc. Invests $673,000 in Rubrik, Inc. (NYSE:RBRK)

Pittenger & Anderson Inc. purchased a new position in Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,031 shares of the company's stock, valued at approximately $673,000.

Several other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in Rubrik in the 4th quarter worth $28,000. 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 purchased a new position in shares of Rubrik in the fourth quarter worth about $47,000. Quarry LP purchased a new position in shares of Rubrik in the fourth quarter worth about $48,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Rubrik during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 49.54% of the company's stock.

Rubrik Stock Performance

Shares of NYSE:RBRK traded up $1.20 during midday trading on Monday, reaching $85.74. 2,621,201 shares of the company's stock traded hands, compared to its average volume of 3,025,617. The company has a fifty day simple moving average of $88.46 and a two-hundred day simple moving average of $74.22. Rubrik, Inc. has a 1 year low of $28.60 and a 1 year high of $103.00. The company has a market cap of $16.59 billion, a P/E ratio of -30.30 and a beta of 0.46.

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

Insider Activity at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $71.44, for a total value of $1,786,000.00. Following the sale, the executive directly owned 554,217 shares in the company, valued at approximately $39,593,262.48. The trade was a 4.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Enrique T. Salem sold 700,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $91.09, for a total value of $63,763,000.00. The disclosure for this sale can be found here. Insiders have sold 1,244,728 shares of company stock worth $110,956,092 in the last quarter. Company insiders own 32.38% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RBRK. UBS Group reiterated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Robert W. Baird increased their price objective on shares of Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. BMO Capital Markets restated an "outperform" rating and set a $110.00 target price (up from $77.00) on shares of Rubrik in a research report on Friday, June 6th. Oppenheimer reaffirmed a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. Finally, Guggenheim boosted their price objective on Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday, June 6th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.