Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Rubrik, Inc. $RBRK

Wealth Enhancement Advisory Services LLC lessened its stake in Rubrik, Inc. (NYSE:RBRK) by 40.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,659 shares of the company’s stock after selling 17,609 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Rubrik were worth $2,040,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RBRK. Allworth Financial LP boosted its stake in Rubrik by 1,030.8% during the second quarter. Allworth Financial LP now owns 294 shares of the company’s stock worth $26,000 after buying an additional 268 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of Rubrik by 352.2% during the 3rd quarter. Bogart Wealth LLC now owns 312 shares of the company’s stock valued at $26,000 after acquiring an additional 243 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Rubrik in the second quarter valued at about $36,000. Elevation Point Wealth Partners LLC acquired a new stake in Rubrik during the second quarter worth about $41,000. Finally, Employees Retirement System of Texas purchased a new position in Rubrik during the second quarter worth about $42,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

Shares of NYSE:RBRK opened at $55.93 on Friday. The firm has a market capitalization of $11.19 billion, a PE ratio of -28.68 and a beta of 0.27. Rubrik, Inc. has a 1 year low of $47.35 and a 1 year high of $103.00. The firm’s 50-day moving average is $73.22 and its two-hundred day moving average is $78.95.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RBRK shares. William Blair raised shares of Rubrik from a “market perform” rating to an “outperform” rating in a research note on Friday, December 5th. Guggenheim set a $110.00 target price on Rubrik in a research note on Friday, December 5th. Piper Sandler decreased their price target on Rubrik from $118.00 to $99.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Stephens assumed coverage on Rubrik in a research report on Monday, December 29th. They set an “overweight” rating and a $105.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rubrik in a research report on Friday, December 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rubrik has an average rating of “Moderate Buy” and an average price target of $112.18.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 11,000 shares of the business’s 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 completion of the transaction, the director directly owned 2,702 shares of the company’s stock, valued at approximately $199,515.68. The trade was a 80.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian K. Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $75.90, for a total transaction of $759,000.00. Following the completion of the sale, the insider directly owned 349,319 shares in the company, valued at approximately $26,513,312.10. This trade represents a 2.78% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 249,396 shares of company stock worth $19,381,819. Corporate insiders own 32.38% of the company’s stock.

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).