Virtu Financial LLC Takes Position in Rubrik, Inc. $RBRK

Virtu Financial LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 32,904 shares of the company’s stock, valued at approximately $2,516,000.

Several other large investors have also modified their holdings of RBRK. Corient Private Wealth LLC acquired a new position in shares of Rubrik in the 4th quarter worth $5,896,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of Rubrik during the fourth quarter valued at $765,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Rubrik by 63.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,114 shares of the company’s stock valued at $1,003,000 after purchasing an additional 5,086 shares during the last quarter. Vident Advisory LLC boosted its position in shares of Rubrik by 50.2% in the 4th quarter. Vident Advisory LLC now owns 5,861 shares of the company’s stock valued at $448,000 after purchasing an additional 1,958 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Rubrik by 36.3% in the 4th quarter. NewEdge Advisors LLC now owns 1,840 shares of the company’s stock valued at $141,000 after purchasing an additional 490 shares during the period. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RBRK. Piper Sandler reissued an “overweight” rating and issued a $91.00 price target (up from $84.00) on shares of Rubrik in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and set a $91.00 price objective on shares of Rubrik in a research note on Thursday, June 11th. DA Davidson reiterated a “buy” rating and issued a $90.00 target price (up from $70.00) on shares of Rubrik in a report on Thursday, June 11th. Barclays lifted their target price on shares of Rubrik from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $90.00 price target on shares of Rubrik in a report on Monday, June 1st. Twenty-eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rubrik has an average rating of “Moderate Buy” and an average target price of $93.00.

Insider Buying and Selling

In related news, Director Mark D. Mclaughlin purchased 10,638 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was acquired at an average cost of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the acquisition, the director owned 13,639 shares in the company, valued at $643,897.19. This trade represents a 354.48% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 2,838 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $212,850.00. Following the transaction, the director directly owned 2,326 shares in the company, valued at $174,450. The trade was a 54.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 398,939 shares of company stock worth $27,628,167 over the last ninety days. 13.66% of the stock is currently owned by corporate insiders.

Rubrik Trading Up 0.1%

Shares of RBRK stock opened at $70.28 on Friday. Rubrik, Inc. has a 1-year low of $42.25 and a 1-year high of $99.75. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of -48.47 and a beta of 1.10. The stock’s fifty day simple moving average is $62.96 and its 200-day simple moving average is $62.74.

Rubrik (NYSE:RBRK) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. The firm’s revenue was up 39.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.15) earnings per share. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. On average, sell-side analysts predict that Rubrik, Inc. will post -1.16 EPS for the current year.

Rubrik Company 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).