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

PFG Investments LLC purchased a new stake in Rubrik, Inc. (NYSE:RBRK - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,650 shares of the company's stock, valued at approximately $239,000.

Several other hedge funds have also recently bought and sold shares of RBRK. Brown Brothers Harriman & Co. acquired a new stake in shares of Rubrik in the 3rd quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new position in Rubrik in the fourth quarter valued at about $70,000. KBC Group NV acquired a new position in Rubrik in the third quarter valued at about $72,000. Quent Capital LLC bought a new stake in Rubrik during the third quarter worth about $192,000. Finally, Shikiar Asset Management Inc. acquired a new stake in shares of Rubrik during the fourth quarter worth approximately $203,000. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rubrik

In other news, CRO Brian K. Mccarthy sold 25,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive now owns 337,545 shares of the company's stock, valued at $16,877,250. The trade was a 6.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,973 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $72.34, for a total transaction of $287,406.82. Following the completion of the sale, the chief financial officer now owns 345,374 shares of the company's stock, valued at approximately $24,984,355.16. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 569,255 shares of company stock valued at $35,981,878.

Analysts Set New Price Targets

Several research analysts have recently commented on RBRK shares. Guggenheim boosted their target price on Rubrik from $52.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Oppenheimer started coverage on Rubrik in a research note on Wednesday, November 13th. They issued a "market perform" rating on the stock. Barclays raised their target price on Rubrik from $51.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. BMO Capital Markets upped their price target on shares of Rubrik from $38.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, Citigroup raised their price objective on shares of Rubrik from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $64.67.

Rubrik Stock Up 4.6 %

Shares of NYSE:RBRK traded up $3.28 during midday trading on Tuesday, hitting $74.15. The company had a trading volume of 2,129,199 shares, compared to its average volume of 2,254,768. Rubrik, Inc. has a 12 month low of $28.34 and a 12 month high of $77.22. The firm has a fifty day simple moving average of $66.28 and a 200 day simple moving average of $47.11.

Rubrik Profile

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.