Waldron Private Wealth LLC Purchases 7,928 Shares of Rubrik, Inc. $RBRK

Waldron Private Wealth LLC increased its position in Rubrik, Inc. (NYSE:RBRK) by 102.9% in the third quarter, Holdings Channel.com reports. The fund owned 15,635 shares of the company’s stock after purchasing an additional 7,928 shares during the period. Waldron Private Wealth LLC’s holdings in Rubrik were worth $1,286,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. GGM Financials LLC purchased a new position in shares of Rubrik during the second quarter valued at approximately $8,108,000. Bessemer Group Inc. grew its holdings in shares of Rubrik by 17.7% in the second quarter. Bessemer Group Inc. now owns 194,911 shares of the company’s stock worth $17,462,000 after acquiring an additional 29,317 shares during the period. Nordea Investment Management AB purchased a new stake in Rubrik during the third quarter valued at $5,515,000. Voya Investment Management LLC lifted its holdings in Rubrik by 18.0% in the third quarter. Voya Investment Management LLC now owns 3,569,026 shares of the company’s stock valued at $293,552,000 after acquiring an additional 543,855 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in shares of Rubrik during the 3rd quarter valued at about $2,016,000. 49.54% of the stock is owned by hedge funds and other institutional investors.

Rubrik Stock Performance

RBRK stock opened at $65.12 on Wednesday. The company’s fifty day moving average price is $74.34 and its 200-day moving average price is $80.21. Rubrik, Inc. has a one year low of $47.35 and a one year high of $103.00. The company has a market capitalization of $13.03 billion, a PE ratio of -33.40 and a beta of 0.27.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $350.17 million during the quarter, compared to the consensus estimate of $320.19 million. During the same quarter in the prior year, the firm posted ($0.21) earnings per share. The business’s revenue was up 48.3% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -0.200–0.160 EPS and its Q4 2026 guidance at -0.120–0.100 EPS. On average, research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Insider Buying and Selling at Rubrik

In other news, CFO Kiran Kumar Choudary sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $67.66, for a total value of $1,353,200.00. Following the completion of the sale, the chief financial officer owned 489,959 shares in the company, valued at approximately $33,150,625.94. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $73.84, for a total transaction of $812,240.00. Following the transaction, the director directly owned 2,702 shares of the company’s stock, valued at approximately $199,515.68. This represents a 80.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 249,396 shares of company stock worth $19,381,819 over the last three months. 32.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

RBRK has been the topic of a number of research reports. Roth Capital reissued a “buy” rating on shares of Rubrik in a report on Friday, December 5th. BMO Capital Markets cut their price objective on shares of Rubrik from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Citigroup reiterated a “buy” rating on shares of Rubrik in a research report on Monday, January 12th. Stephens assumed coverage on Rubrik in a research note on Monday, December 29th. They issued an “overweight” rating and a $105.00 price objective on the stock. Finally, Robert W. Baird raised their target price on shares of Rubrik from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Twenty-one analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.18.

Rubrik Profile

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).