37,926 Shares in Rubrik, Inc. (NYSE:RBRK) Acquired by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC purchased a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 37,926 shares of the company's stock, valued at approximately $2,313,000. Rubrik accounts for approximately 1.4% of Pursue Wealth Partners LLC's holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of RBRK. Russell Investments Group Ltd. acquired a new position in shares of Rubrik in the 4th quarter valued at $28,000. Global Retirement Partners LLC grew its stake in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company's stock worth $33,000 after purchasing an additional 500 shares during the period. Nemes Rush Group LLC bought a new stake in Rubrik in the fourth quarter valued at about $39,000. Point72 Hong Kong Ltd acquired a new position in Rubrik in the fourth quarter valued at about $47,000. Finally, Quarry LP bought a new position in Rubrik during the fourth quarter worth about $48,000. 49.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RBRK. Mizuho cut Rubrik from an "outperform" rating to a "neutral" rating and upped their price target for the company from $75.00 to $86.00 in a research note on Thursday, May 15th. Roth Capital upped their target price on shares of Rubrik from $97.00 to $107.00 and gave the company a "buy" rating in a research note on Friday, June 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $110.00 target price (up from $77.00) on shares of Rubrik in a report on Friday, June 6th. Wedbush boosted their price target on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, CIBC upped their price objective on shares of Rubrik from $110.00 to $125.00 and gave the company an "outperformer" rating in a research report on Monday, June 9th. Three 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Rubrik Price Performance

NYSE:RBRK traded up $0.43 during trading hours on Tuesday, reaching $90.14. 4,368,732 shares of the stock were exchanged, compared to its average volume of 2,355,528. The stock has a market cap of $17.44 billion, a PE ratio of -31.85 and a beta of 0.87. Rubrik, Inc. has a twelve month low of $28.60 and a twelve month high of $103.00. The firm has a 50 day moving average of $82.85 and a 200 day moving average of $72.52.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.17. The business had revenue of $278.48 million during the quarter, compared to the consensus estimate of $260.39 million. During the same period last year, the business posted ($1.58) EPS. The firm's revenue for the quarter was up 48.7% on a year-over-year basis. Equities research analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Insider Activity

In other news, CRO Brian K. Mccarthy sold 4,782 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $88.56, for a total transaction of $423,493.92. Following the transaction, the executive now directly owns 456,052 shares in the company, valued at $40,387,965.12. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kiran Kumar Choudary sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $62.03, for a total transaction of $124,060.00. Following the completion of the sale, the chief financial officer now directly owns 614,798 shares in the company, valued at approximately $38,135,919.94. The trade was a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,244,804 shares of company stock worth $107,800,803 in the last quarter. Corporate insiders own 32.38% of the company's stock.

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.