ProShare Advisors LLC Invests $398,000 in Rubrik, Inc. (NYSE:RBRK)

ProShare Advisors LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,083 shares of the company's stock, valued at approximately $398,000.

A number of other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Rubrik during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its stake in Rubrik by 8,333.3% in the 4th quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in Rubrik in the 4th quarter worth $39,000. Quarry LP purchased a new stake in Rubrik in the 4th quarter worth $48,000. Finally, CoreCap Advisors LLC purchased a new stake in Rubrik in the 4th quarter worth $59,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Rubrik Stock Up 1.6%

Rubrik stock traded up $1.47 during mid-day trading on Thursday, reaching $95.56. 3,028,954 shares of the company's stock were exchanged, compared to its average volume of 2,082,554. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $98.03. The company has a fifty day moving average of $71.42 and a 200-day moving average of $67.02. The company has a market cap of $18.13 billion and a P/E ratio of -6.93.

Rubrik (NYSE:RBRK - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.61) EPS 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 the consensus estimate of $233.13 million. During the same quarter in the previous year, the company posted ($1.59) earnings per share. The company's revenue was up 47.5% on a year-over-year basis. Equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Insider Activity at Rubrik

In related news, CRO Brian K. Mccarthy sold 25,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $90.10, for a total transaction of $2,252,500.00. Following the completion of the sale, the executive now owns 504,584 shares in the company, valued at $45,463,018.40. This represents a 4.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kiran Kumar Choudary sold 10,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $90.07, for a total transaction of $900,700.00. Following the completion of the sale, the chief financial officer now owns 555,165 shares of the company's stock, valued at $50,003,711.55. This trade represents a 1.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 627,117 shares of company stock valued at $43,346,198 in the last ninety days. Insiders own 32.38% of the company's stock.

Wall Street Analyst Weigh In

RBRK has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of Rubrik from $76.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Wedbush increased their price objective on shares of Rubrik from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, March 14th. Piper Sandler decreased their target price 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. William Blair began coverage on shares of Rubrik in a research note on Friday, February 7th. They set a "market perform" rating for the company. Finally, BMO Capital Markets lifted their price objective on shares of Rubrik from $72.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.69.

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.