Money Concepts Capital Corp Purchases New Position in Rubrik, Inc. $RBRK

Money Concepts Capital Corp purchased a new stake in Rubrik, Inc. (NYSE:RBRK) in the 4th quarter, HoldingsChannel reports. The firm purchased 17,511 shares of the company’s stock, valued at approximately $1,339,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio increased its stake in shares of Rubrik by 90.8% in the 3rd quarter. Strs Ohio now owns 62,300 shares of the company’s stock valued at $5,124,000 after purchasing an additional 29,649 shares in the last quarter. WCM Investment Management LLC purchased a new stake in Rubrik during the 3rd quarter worth approximately $4,717,000. ARK Investment Management LLC increased its stake in Rubrik by 21.1% during the 3rd quarter. ARK Investment Management LLC now owns 319,112 shares of the company’s stock worth $26,247,000 after buying an additional 55,500 shares in the last quarter. Citigroup Inc. increased its stake in Rubrik by 210.2% during the 3rd quarter. Citigroup Inc. now owns 104,041 shares of the company’s stock worth $8,557,000 after buying an additional 70,504 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Rubrik by 471.4% during 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 in the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Insider Activity at Rubrik

In related news, CFO Kiran Kumar Choudary sold 122,613 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $48.20, for a total value of $5,909,946.60. Following the transaction, the chief financial officer directly owned 564,901 shares in the company, valued at approximately $27,228,228.20. This represents a 17.83% 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 Mark D. Mclaughlin acquired 10,638 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was acquired at an average price of $47.21 per share, for a total transaction of $502,219.98. Following the completion of the acquisition, the director directly owned 13,639 shares of the company’s stock, valued at $643,897.19. The trade was a 354.48% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 203,113 shares of company stock worth $10,160,197. Insiders own 13.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wedbush cut their price objective on Rubrik from $120.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. UBS Group set a $65.00 price objective on Rubrik in a research note on Monday, April 27th. Citigroup cut their price objective on Rubrik from $115.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, March 16th. KeyCorp cut their price objective on Rubrik from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Finally, Scotiabank set a $70.00 price objective on Rubrik and gave the stock a “sector outperform” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rubrik presently has a consensus rating of “Moderate Buy” and an average price target of $84.83.

Rubrik Stock Performance

RBRK opened at $60.45 on Wednesday. Rubrik, Inc. has a one year low of $42.25 and a one year high of $103.00. The stock has a market capitalization of $12.23 billion, a PE ratio of -34.15 and a beta of 0.63. The business’s 50 day moving average price is $52.72 and its 200 day moving average price is $63.05.

Rubrik (NYSE:RBRK) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. The business had revenue of $377.68 million during the quarter, compared to analyst estimates of $342.43 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The company’s revenue was up 46.3% on a year-over-year basis. Rubrik has set its Q1 2027 guidance at -0.040–0.020 EPS and its FY 2027 guidance at 0.070-0.270 EPS. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.41 earnings per share for the current fiscal year.

About Rubrik

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).