12,946 Shares in Rubrik, Inc. $RBRK Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 12,946 shares of the company’s stock, valued at approximately $634,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Rubrik during the fourth quarter worth $345,907,000. First Trust Advisors LP lifted its stake in shares of Rubrik by 42.8% in the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after buying an additional 2,116,272 shares in the last quarter. Pictet Asset Management Holding SA boosted 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. Vanguard Group Inc. grew its stake in Rubrik by 12.9% during the 4th quarter. Vanguard Group Inc. now owns 14,694,503 shares of the company’s stock valued at $1,123,836,000 after acquiring an additional 1,678,255 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Rubrik in the 3rd quarter valued at about $97,828,000. Institutional investors and hedge funds own 49.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RBRK shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Stephens restated an “overweight” rating and issued a $90.00 price target on shares of Rubrik in a research report on Monday, June 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. KeyCorp lifted their price objective on Rubrik from $88.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, DA Davidson reissued a “buy” rating and set a $90.00 price objective (up from $70.00) on shares of Rubrik in a research note on Thursday, June 11th. 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, Rubrik presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.96.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 11,000 shares of the stock in a transaction on Friday, May 1st. The stock was 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 in the company, valued at approximately $258,148.44. This represents a 70.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $84.28, for a total value of $16,809,393.16. Following the sale, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at $26,467,965.44. The trade was a 38.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 291,321 shares of company stock valued at $24,074,426. 13.66% of the stock is owned by company insiders.

Rubrik Stock Performance

RBRK opened at $71.61 on Wednesday. The stock has a market capitalization of $14.74 billion, a PE ratio of -49.39 and a beta of 1.10. Rubrik, Inc. has a one year low of $42.25 and a one year high of $99.75. The business’s 50 day moving average price is $75.56 and its 200 day moving average price is $62.72.

Rubrik (NYSE:RBRK) last posted its earnings results on Thursday, June 4th. The company reported $0.16 earnings per share (EPS) 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 analyst estimates of $366.31 million. During the same period last year, the business earned ($0.15) EPS. Rubrik’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. As a group, equities research analysts forecast that Rubrik, Inc. will post -1.16 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).