8,548 Shares in Rubrik, Inc. $RBRK Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC bought a new stake in Rubrik, Inc. (NYSE:RBRK) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,548 shares of the company’s stock, valued at approximately $419,000.

Other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its position in shares of Rubrik by 104.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,325,503 shares of the company’s stock worth $162,572,000 after purchasing an additional 1,696,342 shares during the period. Sugar Maple Asset Management LLC acquired a new position in Rubrik during the 1st quarter valued at approximately $294,000. Wealth Effects LLC bought a new position in Rubrik during the 1st quarter worth $1,717,000. Banque Cantonale Vaudoise grew its stake in Rubrik by 11,299.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 46,736 shares of the company’s stock worth $2,289,000 after buying an additional 46,326 shares during the last quarter. Finally, Novare Capital Management LLC increased its position in Rubrik by 7.6% in the first quarter. Novare Capital Management LLC now owns 7,320 shares of the company’s stock worth $358,000 after buying an additional 520 shares during the period. 49.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBRK has been the topic of a number of recent research reports. Wolfe Research reiterated an “outperform” rating and issued a $95.00 target price on shares of Rubrik in a research note on Friday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rubrik in a report on Friday, June 26th. BTIG Research reiterated a “buy” rating and issued a $91.00 price objective on shares of Rubrik in a research report on Thursday, June 11th. Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of Rubrik in a research note on Thursday, June 11th. Finally, UBS Group restated a “buy” rating on shares of Rubrik in a research report on Monday, June 1st. Twenty-eight analysts have rated the stock with a Buy rating and one has given 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.

Insiders Place Their Bets

In related news, Director Ravi Mhatre sold 3,979 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $71.49, for a total value of $284,458.71. Following the completion of the sale, the director directly owned 113,477 shares of the company’s stock, valued at approximately $8,112,470.73. This represents a 3.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Arvind Nithrakashyap sold 12,820 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $82.16, for a total value of $1,053,291.20. Following the completion of the sale, the chief technology officer directly owned 314,048 shares of the company’s stock, valued at approximately $25,802,183.68. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 281,702 shares of company stock worth $22,567,916. 13.66% of the stock is currently owned by corporate insiders.

Rubrik Stock Performance

Shares of NYSE:RBRK opened at $81.92 on Thursday. The company has a market cap of $16.86 billion, a PE ratio of -56.49 and a beta of 1.10. Rubrik, Inc. has a 52 week low of $42.25 and a 52 week high of $99.75. The firm has a 50 day simple moving average of $67.06 and a 200 day simple moving average of $62.31.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data 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 firm had revenue of $387.07 million for the quarter, compared to analysts’ expectations of $366.31 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Rubrik Company 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).