PFG Investments LLC Invests $239,000 in Rubrik, Inc. (NYSE:RBRK)

PFG Investments LLC bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,650 shares of the company’s stock, valued at approximately $239,000.

Several other large investors also recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC purchased a new stake in Rubrik in the third quarter valued at $44,418,000. Point72 Asset Management L.P. acquired a new stake in Rubrik during the 3rd quarter worth approximately $42,247,000. PointState Capital LP acquired a new position in shares of Rubrik during the third quarter worth about $40,466,000. Institutional Venture Management XV LLC grew its stake in shares of Rubrik by 3,620.4% during the third quarter. Institutional Venture Management XV LLC now owns 1,162,610 shares of the company’s stock worth $37,378,000 after purchasing an additional 1,131,360 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Rubrik in the 3rd quarter valued at $35,359,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Rosenblatt Securities began coverage on Rubrik in a report on Tuesday, December 17th. They set a “neutral” rating and a $77.00 price target on the stock. KeyCorp increased their target price on shares of Rubrik from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Guggenheim lifted their price target on Rubrik from $52.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Piper Sandler upped their target price on Rubrik from $72.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Finally, Barclays raised their price target on shares of Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $64.67.

Rubrik Stock Down 0.7 %

RBRK opened at $73.54 on Friday. The stock’s 50 day moving average price is $65.39 and its two-hundred day moving average price is $46.40. Rubrik, Inc. has a 12-month low of $28.34 and a 12-month high of $77.22.

Insider Buying and Selling at Rubrik

In other Rubrik news, CFO Kiran Kumar Choudary sold 1,800 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $43.15, for a total value of $77,670.00. Following the sale, the chief financial officer now directly owns 406,160 shares in the company, valued at approximately $17,525,804. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Arvind Nithrakashyap sold 32,499 shares of Rubrik stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34. The disclosure for this sale can be found here. Insiders have sold 569,255 shares of company stock valued at $35,981,878 in the last 90 days.

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.