Persistent Asset Partners Ltd Takes Position in Rubrik, Inc. $RBRK

Persistent Asset Partners Ltd acquired a new position in Rubrik, Inc. (NYSE:RBRK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,000 shares of the company’s stock, valued at approximately $1,316,000.

A number of other hedge funds have also bought and sold shares of RBRK. Strs Ohio boosted its position in shares of Rubrik by 90.8% during the 3rd quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after acquiring an additional 29,649 shares during the last quarter. GGM Financials LLC purchased a new stake in Rubrik in the second quarter valued at approximately $8,108,000. WCM Investment Management LLC bought a new stake in Rubrik during the third quarter valued at approximately $4,717,000. Truist Financial Corp grew its stake in Rubrik by 1,228.3% in the 3rd quarter. Truist Financial Corp now owns 40,752 shares of the company’s stock worth $3,352,000 after buying an additional 37,684 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Rubrik by 471.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 50,614 shares of the company’s stock worth $4,181,000 after buying an additional 41,756 shares during the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RBRK has been the subject of a number of research analyst reports. Truist Financial dropped their price objective on shares of Rubrik from $110.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday. Piper Sandler cut their price objective on Rubrik from $118.00 to $99.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Roth Mkm reiterated a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. BMO Capital Markets dropped their target price on Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Finally, Mizuho cut their target price on Rubrik from $97.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.94.

Rubrik Price Performance

NYSE:RBRK opened at $54.14 on Friday. The firm’s 50-day moving average price is $66.83 and its 200-day moving average price is $75.59. The company has a market capitalization of $10.84 billion, a PE ratio of -27.77 and a beta of 0.31. Rubrik, Inc. has a 1-year low of $47.35 and a 1-year high of $103.00.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.26. The business had revenue of $350.17 million for the quarter, compared to the consensus estimate of $320.19 million. During the same period in the previous year, the firm earned ($0.21) EPS. The company’s revenue was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. Equities analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian K. Mccarthy sold 10,000 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $70.88, for a total value of $708,800.00. Following the sale, the insider directly owned 330,772 shares of the company’s stock, valued at approximately $23,445,119.36. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $55.29, for a total value of $608,190.00. Following the transaction, the director owned 3,655 shares of the company’s stock, valued at $202,084.95. The trade was a 75.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 256,887 shares of company stock worth $19,276,805. 32.38% of the stock is currently owned by corporate insiders.

Rubrik Profile

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).