Left Brain Wealth Management LLC Buys 1,575 Shares of Rubrik, Inc. $RBRK

Left Brain Wealth Management LLC lifted its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 37.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,775 shares of the company’s stock after purchasing an additional 1,575 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Rubrik were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Rubrik by 73.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,022,614 shares of the company’s stock valued at $1,077,106,000 after purchasing an additional 5,077,513 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Rubrik by 15.0% during the first quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company’s stock worth $137,035,000 after buying an additional 293,275 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Rubrik by 6.9% during the second quarter. Legal & General Group Plc now owns 2,159,435 shares of the company’s stock worth $193,464,000 after buying an additional 139,022 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Rubrik by 107.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,949,047 shares of the company’s stock valued at $175,049,000 after acquiring an additional 1,009,610 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Rubrik by 388.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,555,252 shares of the company’s stock valued at $139,309,000 after acquiring an additional 1,237,014 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CRO Brian K. Mccarthy sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $87.84, for a total transaction of $1,098,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $2,981,015.70. Following the completion of the transaction, the chief technology officer directly owned 333,528 shares in the company, valued at $24,751,112.88. This trade represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 131,966 shares of company stock valued at $10,356,678 in the last ninety days. 32.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RBRK. CIBC boosted their price objective on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a research report on Thursday, September 11th. Oppenheimer initiated coverage on Rubrik in a research note on Monday, November 17th. They set a “market perform” rating on the stock. KeyCorp boosted their price target on Rubrik from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rubrik in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Rubrik from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.69.

Rubrik Price Performance

Shares of RBRK stock opened at $66.60 on Friday. The stock has a market capitalization of $13.15 billion, a PE ratio of -28.46 and a beta of 0.20. The business’s 50 day simple moving average is $77.05 and its 200 day simple moving average is $84.38. Rubrik, Inc. has a one year low of $47.35 and a one year high of $103.00.

Rubrik (NYSE:RBRK) last issued 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 analyst estimates of $282.25 million. The firm’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter last year, the firm posted ($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. As a group, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

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.