Pursue Wealth Partners LLC Sells 15,238 Shares of Rubrik, Inc. $RBRK

Pursue Wealth Partners LLC decreased its stake in shares of Rubrik, Inc. (NYSE:RBRK) by 40.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,688 shares of the company’s stock after selling 15,238 shares during the quarter. Pursue Wealth Partners LLC’s holdings in Rubrik were worth $2,033,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RBRK. CWM LLC boosted its stake in shares of Rubrik by 282.2% during the 1st quarter. CWM LLC now owns 1,051 shares of the company’s stock worth $64,000 after acquiring an additional 776 shares during the period. Victory Capital Management Inc. lifted its holdings in Rubrik by 28.9% during the 1st quarter. Victory Capital Management Inc. now owns 9,149 shares of the company’s stock valued at $558,000 after purchasing an additional 2,053 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Rubrik during the 1st quarter valued at $459,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Rubrik during the first quarter worth $857,000. Finally, Assetmark Inc. acquired a new position in shares of Rubrik in the first quarter valued at $886,000. 49.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CRO Brian K. Mccarthy sold 12,500 shares of the company’s stock in a transaction 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 completion of the sale, the executive directly owned 406,052 shares in the company, valued at $35,667,607.68. This represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Arvind Nithrakashyap sold 40,170 shares of Rubrik stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total value of $2,981,015.70. Following the completion of the transaction, the chief technology officer owned 333,528 shares in the company, valued at approximately $24,751,112.88. This represents a 10.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 131,966 shares of company stock worth $10,356,678 over the last 90 days. Corporate insiders own 32.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RBRK. FBN Securities restated an “outperform” rating on shares of Rubrik in a research note on Wednesday, September 10th. CIBC boosted their price objective on Rubrik from $125.00 to $130.00 and gave the stock an “outperformer” rating in a report on Thursday, September 11th. Wedbush reiterated an “outperform” rating and set a $120.00 target price on shares of Rubrik in a research note on Thursday, September 11th. Barclays increased their price objective on Rubrik from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Finally, Mizuho raised shares of Rubrik from a “neutral” rating to an “outperform” rating and set a $97.00 price target on the stock in a research report on Monday, November 17th. Eighteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.69.

Rubrik Stock Up 2.0%

Shares of Rubrik stock opened at $69.50 on Friday. Rubrik, Inc. has a 12-month low of $47.35 and a 12-month high of $103.00. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of -29.70 and a beta of 0.20. The firm’s 50-day moving average price is $76.24 and its two-hundred day moving average price is $84.04.

Rubrik (NYSE:RBRK) last issued its earnings results on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate 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. Rubrik’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, sell-side analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Rubrik Company 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.