2,760 Shares in Rubrik, Inc. $RBRK Purchased by Olympiad Research LP

Olympiad Research LP bought a new position in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,760 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Rubrik by 1,030.8% during the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in Rubrik during the second quarter worth about $27,000. Beacon Capital Management LLC purchased a new stake in Rubrik during the second quarter worth about $29,000. PNC Financial Services Group Inc. bought a new stake in Rubrik in the first quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new position in Rubrik in the first quarter valued at about $31,000. 49.54% of the stock is owned by institutional investors.

Rubrik Stock Down 4.8%

Shares of NYSE RBRK opened at $70.43 on Friday. Rubrik, Inc. has a 52 week low of $42.01 and a 52 week high of $103.00. The business has a 50-day simple moving average of $79.13 and a two-hundred day simple moving average of $84.42. The company has a market cap of $13.91 billion, a P/E ratio of -30.10 and a beta of 0.20.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Tuesday, September 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analysts’ expectations of $282.25 million. During the same period in the previous year, the company posted ($0.40) earnings per share. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. Equities research analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

Insider Activity

In other news, Director John Wendell Thompson sold 9,009 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $87.83, for a total value of $791,260.47. Following the transaction, the director owned 998 shares of the company’s stock, valued at approximately $87,654.34. This represents a 90.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Brian K. Mccarthy sold 12,500 shares of Rubrik stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $87.84, for a total value of $1,098,000.00. Following the sale, the executive directly owned 406,052 shares of the company’s stock, valued at $35,667,607.68. This represents a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 131,966 shares of company stock valued at $10,403,823 in the last quarter. 32.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RBRK shares. Wedbush restated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. KeyCorp raised their target price on Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rubrik in a research report on Wednesday, October 8th. FBN Securities reiterated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. Finally, CIBC boosted their price objective on Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research note on Thursday, September 11th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.67.

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.