Rubrik, Inc. $RBRK Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC raised its holdings in Rubrik, Inc. (NYSE:RBRK) by 34.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,094 shares of the company’s stock after acquiring an additional 25,187 shares during the quarter. Private Advisor Group LLC’s holdings in Rubrik were worth $4,853,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Rubrik by 12.9% during the fourth quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock worth $1,123,836,000 after purchasing an additional 1,678,255 shares in the last quarter. First Trust Advisors LP increased its holdings in Rubrik by 42.8% during the 4th quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock valued at $540,259,000 after acquiring an additional 2,116,272 shares in the last quarter. Norges Bank acquired a new position in Rubrik during the fourth quarter worth about $345,907,000. Pictet Asset Management Holding SA raised its position in Rubrik by 104.1% during the first quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after acquiring an additional 1,696,342 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Rubrik by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,528,649 shares of the company’s stock worth $193,433,000 after acquiring an additional 178,714 shares during the last quarter. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RBRK. BMO Capital Markets lifted their price target on shares of Rubrik from $73.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. Barclays raised their price target on shares of Rubrik from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Finally, Oppenheimer boosted their price objective on shares of Rubrik from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Twenty-eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Insider Activity

In related news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $55.48, for a total value of $610,280.00. Following the completion of the transaction, the director owned 4,653 shares of the company’s stock, valued at approximately $258,148.44. This represents a 70.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total value of $284,458.71. Following the sale, the director owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This trade represents a 3.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 261,702 shares of company stock valued at $21,534,116 over the last ninety days. 13.66% of the stock is owned by company insiders.

Rubrik Stock Performance

RBRK stock opened at $86.98 on Wednesday. The firm has a market cap of $17.90 billion, a P/E ratio of -59.99 and a beta of 1.10. Rubrik, Inc. has a 1 year low of $42.25 and a 1 year high of $99.75. The stock has a 50-day simple moving average of $69.63 and a 200-day simple moving average of $62.51.

Rubrik (NYSE:RBRK) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The company had revenue of $387.07 million during the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The firm’s revenue was up 39.0% compared to the same quarter last year. 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, equities research analysts predict that Rubrik, Inc. will post -1.16 EPS for the current 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).