Gibbs Wealth Management Takes $561,000 Position in Rubrik, Inc. $RBRK

Gibbs Wealth Management purchased a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,455 shares of the company’s stock, valued at approximately $561,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RBRK. Alamar Capital Management LLC acquired a new position in shares of Rubrik during the 1st quarter valued at about $1,424,000. Lido Advisors LLC boosted its position in Rubrik by 266.2% during the first quarter. Lido Advisors LLC now owns 7,570 shares of the company’s stock worth $371,000 after purchasing an additional 5,503 shares during the period. Cetera Investment Advisers grew its holdings in Rubrik by 36.6% during the first quarter. Cetera Investment Advisers now owns 87,025 shares of the company’s stock valued at $4,262,000 after purchasing an additional 23,320 shares during the last quarter. NewEdge Wealth LLC bought a new position in shares of Rubrik in the first quarter valued at approximately $634,000. Finally, CI Investments Inc. bought a new position in shares of Rubrik in the first quarter valued at approximately $19,815,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

Rubrik stock opened at $73.17 on Friday. Rubrik, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $99.75. The company’s 50 day simple moving average is $75.22 and its 200 day simple moving average is $62.84. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of -50.46 and a beta of 1.10.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. The business had revenue of $387.07 million for the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. The business’s revenue was up 39.0% on a year-over-year basis. Rubrik has set its FY 2027 guidance at 0.250-0.350 EPS and its Q2 2027 guidance at 0.030-0.050 EPS. As a group, analysts predict that Rubrik, Inc. will post -1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RBRK shares. Oppenheimer upped their price objective on shares of Rubrik from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. BTIG Research restated a “buy” rating and set a $91.00 price objective on shares of Rubrik in a research report on Thursday, June 11th. Mizuho upped their target price on Rubrik from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Truist Financial reiterated a “buy” rating and set a $90.00 price target (up from $80.00) on shares of Rubrik in a research note on Friday, June 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $90.00 price objective on shares of Rubrik in a research note on Monday, June 1st. Twenty-eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.96.

Insider Transactions at Rubrik

In other news, Director John Wendell Thompson sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $55.48, for a total transaction of $610,280.00. Following the completion of the transaction, the director directly owned 4,653 shares of the company’s stock, valued at $258,148.44. This trade represents a 70.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ravi Mhatre sold 3,979 shares of Rubrik stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $71.49, for a total transaction of $284,458.71. Following the completion of the sale, the director owned 113,477 shares in the company, valued at $8,112,470.73. This trade represents a 3.39% 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 291,321 shares of company stock worth $24,074,426 in the last 90 days. Company insiders own 13.66% of the company’s stock.

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).