Firethorn Wealth Partners LLC Purchases Shares of 3,860 Rubrik, Inc. $RBRK

Firethorn Wealth Partners LLC purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,860 shares of the company’s stock, valued at approximately $346,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RBRK. Rhumbline Advisers boosted its stake in Rubrik by 204.1% during the 1st quarter. Rhumbline Advisers now owns 2,980 shares of the company’s stock valued at $182,000 after purchasing an additional 2,000 shares in the last quarter. Stablepoint Partners LLC boosted its stake in Rubrik by 45.9% during the 1st quarter. Stablepoint Partners LLC now owns 17,595 shares of the company’s stock valued at $1,073,000 after purchasing an additional 5,533 shares in the last quarter. SG Americas Securities LLC bought a new position in Rubrik during the 1st quarter valued at $820,000. Pursue Wealth Partners LLC bought a new position in Rubrik during the 1st quarter valued at $2,313,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Rubrik during the 1st quarter worth $225,000. 49.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RBRK has been the topic of a number of recent research reports. Barclays lifted their target price on Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Wedbush restated an “outperform” rating and issued a $120.00 target price on shares of Rubrik in a report on Thursday, September 11th. CIBC lifted their target price on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a report on Thursday, September 11th. FBN Securities restated an “outperform” rating on shares of Rubrik in a report on Wednesday, September 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 target price on shares of Rubrik in a report on Wednesday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.67.

Insiders Place Their Bets

In related news, CTO Arvind Nithrakashyap sold 40,170 shares of Rubrik stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the sale, the chief technology officer owned 333,528 shares of the company’s stock, valued at approximately $24,751,112.88. This trade represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Brian K. Mccarthy sold 4,670 shares of Rubrik stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $346,560.70. Following the sale, the executive directly owned 407,632 shares of the company’s stock, valued at approximately $30,250,370.72. The trade was a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,966 shares of company stock worth $10,389,404. 32.38% of the stock is currently owned by corporate insiders.

Rubrik Stock Down 1.3%

Shares of Rubrik stock opened at $82.83 on Friday. The stock has a market cap of $16.36 billion, a PE ratio of -35.40 and a beta of 0.24. The business has a fifty day simple moving average of $85.65 and a 200-day simple moving average of $81.47. Rubrik, Inc. has a 12 month low of $32.00 and a 12 month high of $103.00.

Rubrik (NYSE:RBRK) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to analyst estimates of $282.25 million. The business’s quarterly revenue was up 44.9% on a year-over-year basis. During the same period last year, the business earned ($0.40) EPS. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. Analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

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.